presented by orange blossom apartments long realty...

737 N Alvernon Way, Tucson, AZ 85711

Orange Blossom ApartmentsPresented by

Long Realty Company

Terrific central apt property with Large units, great occupancy. Separately metered - recentlyremodeled - All Units Have A/C, New Paving - Exterior Paint - Sliding Glass Doors replaced with upscaleFrench Doors - most interiors have tile floors - Great Central Area *Do Not Disturb the Tenants* CallBroker to show

Price: $1,750,000

CENTRAL TUCSON

2 MILES FROM U OF A

GREAT VISIBALITY

GREAT OCCUPANCY

ALL UNITS HAVE A/C

View the full listing here: http://www.crelisting.net/Fy73_jO7Q/?StepID=107

Price: $1,750,000

No. Units: 40

Building Size: 20,176 SF

Price/Unit: $43,750

Property Type: Multifamily

Property Sub-type: Garden/Low-Rise

Property Use Type: Investment

Commission Split: 2.5%

Cap Rate: 6.60%

Occupancy: 95%


Property Details

Orange Blossom Apartments

http://www.crelisting.net/Fy73_jO7Q/?StepID=107

Financial SummaryAnalysisType Actual

Scheduled Gross Income $245,640

Effective Gross Income $249,881

Operating Expenses $134,705

Net Operating Income $115,176

Unit/Room Mix Information

Description No. Units Avg. Mo. Rent Sq. Ft.studio 16 $450 500

1 bedroom 24 $561 600


Financials, Debt and Unit Mix


Pro Forma

Type # of Units Sq. Ft. Total S.F.Rent

per S.F.

Total Monthly

RentStabalized

Rent MARKET RENT/SF

MARKET RENT

TOTAL MONTHLY RENT

Studios 16 500 8,000 $0.90 $7,200 $450 1.12$ 500.00$ 8,000$ 1 BD/ 1 BA 22 600 13,200 $0.92 $12,100 $550 0.98$ 588.00$ 12,936$

1 BD / 1 BA 2 600 1,200 $0.98 $1,170 $585 1.00$ 600.00$ 1,200.00$

Total/Avg. 40 560 22,400 $0.91 $20,470 $512 22,136$

Income StatementSTABALIZED

RENT

Per Unit PSFMARKET RENTS

$245,640 $6,141 $10.97 265,632$ ($12,282) 5.0% ($0.55) 13,282$ $233,358 $5,834 $10.42 252,350$

$0 0.00% $0.00 $0$233,358 $5,834 $10.42 252,350$

Other Income (Laundry, Pet & Misc.) $16,523 $413 $0.74 $16,523$249,881 $6,247 $11.16 268,873$

$7,657 $191 $0.34 $12,085 $1,203 $30 $0.05 $688 $23,174 $579 $1.03 $18,500

Contract Services / Landscaping $16,503 $413 $0.74 $8,214Utilities $27,612 $690 $1.23 $28,356

$76,149 $1,904 $3.40 $67,843 $15,732 $393 $0.70 $15,732 $8,000 $200 $0.36 $8,000

Payroll $16,320 $408 $0.73 $15,8955.00% $12,504 313$ $0.56 $13,454

Reserves $6,000 $150 $0.27 $6,000$134,705 $3,368 $6.01 $126,924

$115,176 $2,879 $5.14 141,949$

PROFORMA VALUATION

Value $1,750,000Per Unit $43,750Per Square Foot $78.13

MKT VALUE 6.58% CAP 2,156,792$

Vacancy Loss Gross RentBad Debt/ Concessions

Stabilized Market Valuation

TOTAL VARIABLEProperty TaxesProperty Insurance

Management Fee

NET OPERATING INCOME

TOTAL EXPENSES

Gross Market Rent

OPERATING EXPENSESGeneral & Admin

Repairs & Maintenance

ORANGE BLOSSOM APARTMENTS

Net Rental Income

TOTAL INCOME

RENTAL INCOME

Leasing and Marketing

Properties: Orange Blossom - 737 N. Alvernon Way (520)325-6299 Tucson, AZ 85711

Units: Active

As of: 05/02/2017

Unit BD/BA Tenant Status Sq. Ft. Market Rent Rent DepositLease

FromLease To Move-in Move-out

Orange Blossom - 737 N. Alvernon Way (520)325-6299 Tucson, AZ 85711

A01 1/1.00 David Ginn Current 600 535.00 535.00 125.00 09/01/2016 08/31/2017 03/01/2008

A02 1/1.00 Veronica Chavez Notice 600 585.00 585.00 100.00 05/01/2016 04/30/2017 04/30/2014 05/31/2017

A03 1/1.00 Cesar Acosta Current 600 535.00 535.00 150.00 01/01/2017 06/30/2017 05/01/2011

A04 1/1.00 William Kennett Current 600 535.00 535.00 225.00 05/01/2016 04/30/2017 05/01/2012

A05 1/1.00 MICHELLE C. DEROCHE Current 600 535.00 535.00 200.00 03/01/2017 02/28/2018 02/14/2014

A06 1/1.00 Alexandra F. Ehlen Current 600 535.00 535.00 200.00 11/01/2016 10/31/2017 10/04/2014

A07 1/1.00 Dakota D. Michaloff Current 600 560.00 560.00 0.00 01/14/2017 01/31/2018 01/14/2017

A08 1/1.00 Josanna Young Current 600 560.00 560.00 150.00 07/01/2016 06/30/2017 06/03/2010

A09 1/1.00 Asiah Anderson Current 600 585.00 585.00 100.00 09/23/2016 10/31/2017 09/23/2016

A10 1/1.00 Mike Hempel Current 600 560.00 560.00 0.00 05/02/2017 04/30/2018 05/02/2017

A11 1/1.00 Kendrick J. Bennett Current 600 535.00 535.00 100.00 02/01/2017 01/31/2018 07/24/2015

A12 1/1.00 John Schreiber Current 600 535.00 535.00 100.00 02/01/2017 01/31/2018 07/03/2014

B01 1/1.00 Bill Brightmore Current 600 535.00 535.00 0.00 12/09/2016 12/31/2017 12/09/2016

B02 1/1.00 Andrew J. Botkin Current 600 535.00 535.00 200.00 09/01/2016 08/31/2017 08/14/2015

B03 1/1.00 Anthony J. Peters Current 600 535.00 535.00 0.00 12/14/2016 12/31/2017 12/14/2016

B04 1/1.00 Jessica Chapman Current 600 535.00 535.00 0.00 08/13/2016 07/31/2017 08/13/2016

B05 1/1.00 Donald Thibeault Current 600 535.00 535.00 150.00 12/01/2016 11/30/2017 01/01/2010

B06 1/1.00 Luis Gould Current 600 535.00 535.00 0.00 06/01/2017 05/31/2018 11/11/2015

B07 1/1.00 John G. Schuetz Current 600 535.00 535.00 435.00 07/21/2016 07/31/2017 07/21/2016

B08 1/1.00 Joseph Chico Current 600 560.00 560.00 0.00 03/14/2017 03/31/2018 03/14/2017

B09 1/1.00 Michael Denoia Current 600 535.00 535.00 200.00 03/01/2017 02/28/2018 03/01/2011

B10 1/1.00 Issac Ramirez Current 600 535.00 560.00 0.00 05/01/2016 04/30/2017 04/23/2015

B11 1/1.00 Allan P. Getman Current 600 585.00 535.00 0.00 12/01/2016 11/30/2017 11/30/2016

B12 1/1.00 Vacant-Unrented 600 535.00 0.00

C01 0/1.00 Shown A. Perryman Current 500 435.00 435.00 0.00 07/01/2016 06/30/2017 06/03/2015

C02 0/1.00 Richard W. Hubert Current 500 435.00 460.00 560.00 04/14/2017 04/30/2018 04/14/2017

C03 0/1.00 Patricia K. Spontak Current 500 435.00 435.00 435.00 07/05/2016 06/30/2017 07/05/2016

C04 0/1.00 Danielle Davis Current 500 435.00 435.00 100.00 09/09/2016 08/31/2017 09/09/2016

C05 0/1.00 Abdirazak A. Mohamed Current 500 435.00 435.00 100.00 04/01/2017 03/31/2018 04/01/2016

C06 0/1.00 Thomas Rose Current 500 435.00 435.00 200.00 09/01/2016 08/31/2017 08/03/2012

Rent Roll

Created on 05/02/2017 Page 1

Unit BD/BA Tenant Status Sq. Ft. Market Rent Rent DepositLease

FromLease To Move-in Move-out

C07 0/1.00 Dorothy L. Rea Current 500 435.00 435.00 0.00 12/01/2016 11/30/2017 11/30/2016

C08 0/1.00 Joan Navarro Current 500 435.00 435.00 300.00 06/01/2017 05/31/2018 04/03/2014

C09 0/1.00 Adrian Ramirez Current 500 435.00 435.00 150.00 07/01/2016 06/30/2017 06/01/2011

C10 0/1.00 Theodore C. Schwendler Current 500 435.00 435.00 0.00 06/01/2017 05/31/2018 05/29/2015

C11 0/1.00 Marcella Pearce Current 500 435.00 435.00 0.00 03/01/2017 08/31/2017 08/27/2015

C12 0/1.00 Maurice Adams Current 500 435.00 435.00 0.00 11/15/2016 10/31/2017 11/14/2016

C13 0/1.00 Thea Delusia Current 500 435.00 435.00 100.00 05/01/2016 04/30/2018 04/11/2014

C14 0/1.00 Ericka Nido Current 500 435.00 435.00 100.00 09/30/2016 09/30/2017 09/30/2016

C15 0/1.00 Melissa A. Archey Current 500 435.00 435.00 435.00 09/01/2016 08/31/2017 09/01/2016

C16 0/1.00 William B. Baer Current 500 460.00 460.00 100.00 03/12/2017 03/31/2018 03/12/2017

40 Units 97.5% Occupied 22,400 20,075.00 19,540.00 5,015.00

Total 40Units

97.5% Occupied 22,400 20,075.00 19,540.00 5,015.00

Rent Roll


Grindstone Property Management, LLC

Properties: Orange Blossom - 737 N. Alvernon Way (520)325-6299 Tucson, AZ 85711

Period Beginning: Jun 2016

Period Ending: May 2017

Account Name Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Total

Operating Income& Expense

Income

Rental Income

GrossPotential Rent

19,900.00 19,900.00 19,900.00 19,850.00 19,850.00 19,850.00 19,880.60 19,880.60 19,925.00 19,961.30 20,050.00 20,200.00 239,147.50

Loss/Gain toMarket

42.00 342.06 438.82 -115.17 954.10 48.50 468.54 70.11 69.00 132.65 14.61 348.09 2,813.31

Vacancy -1,555.00 -1,758.06 -2,058.88 -928.83 -862.10 -1,679.00 -1,290.49 -1,165.81 -1,020.00 -398.07 -188.50 -1,195.17 -14,099.91

MonthlyConcessions

-26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -26.00 -312.00

RenewalConcessions

-25.00 -25.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -50.00

ResidentReferral

0.00 0.00 -25.00 -25.00 -25.00 -24.94 0.00 -25.06 0.00 -124.50 0.00 0.00 -249.50

PrepaidIncome

-294.50 -2,384.81 1,167.41 1,721.55 -1,907.55 -1,135.66 781.00 1,704.00 -1,171.33 259.42 -1,529.53 226.17 -2,563.83

Delinquency -410.00 -601.86 529.21 -502.35 -1,195.00 26.00 -95.00 -135.76 90.00 100.00 0.00 -305.48 -2,500.24

Total RentalIncome

Other Revenue

ReimbursedElectricity

526.00 571.00 740.81 608.10 524.00 553.00 524.00 524.00 592.33 531.00 511.00 420.00 6,625.24

LeaseTerminationFees

0.00 0.00 165.00 175.00 0.00 0.00 0.00 0.00 0.00 0.00 515.00 0.00 855.00

Washer/DryerIncome

141.38 165.15 138.75 119.00 186.50 155.63 151.50 176.62 211.13 176.88 179.25 188.38 1,990.17

ApplicationFees

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35.00 70.00 0.00 0.00 105.00

Damages 200.00 0.00 0.00 0.00 321.00 0.99 0.00 0.00 0.00 0.00 349.50 0.00 871.49

Late Fee 280.00 60.00 245.00 370.00 92.47 60.00 92.53 225.00 245.00 0.00 250.00 250.00 2,170.00

Non-RefundableFees

0.00 200.00 600.00 600.00 0.00 0.00 0.00 100.00 0.00 200.00 0.00 200.00 1,900.00

NSF Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35.00 0.00 0.00 0.00 0.00 35.00

17,631.50 15,446.33 19,925.56 19,974.20 16,788.45 17,058.90 19,718.65 20,302.08 17,866.67 19,904.80 18,320.58 19,247.61 222,185.33

Cash Flow - 12 Month



Pet Rents 80.00 80.00 80.00 80.00 80.00 80.00 80.00 77.00 83.00 100.00 100.00 60.00 980.00

MiscellaneousFees

243.96 21.98 322.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.00 0.00 629.94

Total OtherRevenue

Total OperatingIncome

Expense

General &Admin

OfficeTelephone

149.35 152.22 149.35 149.35 149.20 149.20 150.64 148.98 148.98 148.98 149.20 149.20 1,794.65

CreditVerification

75.00 60.00 45.00 45.00 75.00 15.00 90.00 30.00 15.00 15.00 30.00 15.00 510.00

OfficeSupplies

0.00 0.00 0.00 69.17 0.00 0.00 74.25 25.13 97.44 82.70 0.00 63.45 412.14

Pagers/Telecommunications

47.50 47.50 47.50 47.50 47.50 47.50 47.50 47.50 47.50 47.50 47.50 47.50 570.00

OfficeEquipmentPurchase

200.00 100.00 105.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 405.00

BusinessLicense/Permits

0.00 40.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.30

Accounting/Bank Fees

15.50 15.50 6.50 3.50 3.50 178.11 3.50 54.77 3.50 6.50 3.50 3.50 297.88

Courier &Postage

20.00 25.00 30.00 25.00 88.35 27.00 14.00 17.00 56.27 18.49 48.02 23.17 392.30

Photocopying/Printing

56.23 54.16 60.00 59.33 64.06 48.92 69.40 52.75 69.56 85.30 43.21 57.29 720.21

Evictions 322.00 445.00 247.00 0.00 0.00 0.00 262.00 0.00 0.00 0.00 0.00 0.00 1,276.00

Other -ProfessionalFees

90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 249.38 90.00 90.00 90.00 1,239.38

Total General &Admin

Payroll

Payroll -Manager

1,512.43 1,003.10 989.21 1,132.88 1,265.00 1,869.59 1,241.98 1,275.30 1,253.05 1,657.98 431.12 1,263.28 14,894.92

Bonuses 100.00 125.00 100.00 100.00 125.00 75.00 250.00 50.00 25.00 225.00 100.00 150.00 1,425.00

Total Payroll

1,471.34 1,098.13 2,291.56 1,952.10 1,203.97 849.62 848.03 1,137.62 1,166.46 1,077.88 1,946.75 1,118.38 16,161.84

19,102.84 16,544.46 22,217.12 21,926.30 17,992.42 17,908.52 20,566.68 21,439.70 19,033.13 20,982.68 20,267.33 20,365.99 238,347.17

975.58 1,029.68 780.35 488.85 517.61 555.73 801.29 466.13 687.63 494.47 411.43 449.11 7,657.86

1,612.43 1,128.10 1,089.21 1,232.88 1,390.00 1,944.59 1,491.98 1,325.30 1,278.05 1,882.98 531.12 1,413.28 16,319.92




Leasing &Marketing

Brochures/PrintedMaterials

0.00 0.00 0.00 90.13 67.97 25.67 42.15 42.15 25.99 0.00 0.00 42.10 336.16

ResidentPromotions

0.00 0.00 0.00 120.96 174.45 132.03 172.25 52.92 45.21 25.17 32.05 37.25 792.29

Other -Leasing &Marketig

75.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.50

Total Leasing &Marketing

Utilities

Electricity 579.75 601.04 1,025.33 918.25 1,333.09 680.67 742.61 650.81 808.55 702.47 415.70 697.24 9,155.51

Gas 225.67 223.34 198.09 328.59 260.32 220.51 251.48 389.16 265.37 289.14 275.19 244.58 3,171.44

Water 597.62 576.67 600.85 807.22 705.31 793.53 629.20 719.82 650.67 776.31 731.01 657.85 8,246.06

Sewer 546.38 525.24 693.20 600.92 600.92 518.73 525.77 595.09 600.91 628.11 595.09 608.24 7,038.60

Total Utilities

Repairs &Maintenance

ExteriorBuildingStructure

0.00 0.00 71.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 71.39

DrywallRepair/Replacement

0.00 0.00 175.00 0.00 133.54 0.00 0.00 53.00 40.00 0.00 0.00 0.00 401.54

Painting &Wall Repair

422.16 0.00 800.00 240.00 876.25 250.79 300.00 805.00 320.00 0.00 288.50 579.44 4,882.14

PlumbingRepairs

2,044.31 0.00 2,189.13 525.91 632.88 1,787.72 360.00 145.00 280.00 0.00 0.00 285.94 8,250.89

ElectricalRepairs

0.00 0.00 183.61 162.67 54.02 0.00 0.00 101.23 160.00 20.00 0.00 0.00 681.53

ApplianceRepairs

0.00 0.00 0.00 40.00 46.79 0.00 0.00 40.00 120.00 0.00 0.00 82.00 328.79

Unit HVACRepairs

181.23 0.00 0.00 0.00 40.00 0.00 0.00 120.00 150.00 0.00 0.00 0.00 491.23

InteriorRepairs

0.00 0.00 1,568.19 0.00 160.00 0.00 0.00 40.00 80.00 0.00 0.00 280.00 2,128.19

Glass Repair/Replacement

29.43 0.00 0.00 0.00 0.00 255.26 0.00 0.00 80.00 0.00 0.00 0.00 364.69

75.50 0.00 0.00 211.09 242.42 157.70 214.40 95.07 71.20 25.17 32.05 79.35 1,203.95

1,949.42 1,926.29 2,517.47 2,654.98 2,899.64 2,213.44 2,149.06 2,354.88 2,325.50 2,396.03 2,016.99 2,207.91 27,611.61




CarpetCleaning

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70.00 0.00 0.00 0.00 70.00

Floor CoverRepair

0.00 0.00 0.00 0.00 0.00 85.00 0.00 0.00 40.00 0.00 0.00 0.00 125.00

Total Repairs &Maintenance

SupplyExpense

Appliance/FurnitureSupplies

0.00 0.00 0.00 37.34 0.00 0.00 0.00 86.34 0.00 0.00 0.00 0.00 123.68

DoorReplacement

0.00 0.00 200.00 0.00 0.00 0.00 105.45 185.45 80.00 0.00 0.00 0.00 570.90

ElectricalSupplies

36.74 0.00 43.07 0.00 0.00 0.00 0.00 0.00 109.82 0.00 26.73 0.00 216.36

HVACSupplies

0.00 182.12 362.12 0.00 0.00 0.00 0.00 0.00 90.55 0.00 0.00 0.00 634.79

JanitorialSupplies

0.00 0.00 0.00 0.00 42.10 0.00 0.00 0.00 9.03 0.00 0.00 0.00 51.13

Locks/KeysSupplies

116.70 0.00 75.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 191.70

Window CoverSupplies

0.00 0.00 75.00 0.00 64.30 0.00 0.00 267.59 80.00 40.00 101.12 0.00 628.01

PaintingSupplies

224.08 0.00 28.87 0.00 0.00 266.33 592.75 0.00 189.41 0.00 0.00 0.00 1,301.44

PlumbingSupplies

542.40 0.00 87.41 17.43 405.49 277.29 22.43 38.55 163.84 0.00 33.50 0.00 1,588.34

Tools &Equipment

0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.22 0.00 0.00 0.00 0.00 24.22

Hardware 0.00 9.24 23.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.99

InteriorBuildingSupplies

0.00 0.00 0.00 0.00 15.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.12

Total SupplyExpense

TurnoverExpense

CarpetCleaning

646.60 0.00 37.00 37.00 160.00 261.00 0.00 0.00 0.00 35.00 37.00 0.00 1,213.60

Locks & Keys 0.00 0.00 0.00 37.72 40.00 40.00 0.00 185.00 198.37 0.00 40.00 160.00 701.09

Total TurnoverExpense

2,677.13 0.00 4,987.32 968.58 1,943.48 2,378.77 660.00 1,304.23 1,340.00 20.00 288.50 1,227.38 17,795.39

919.92 191.36 895.22 54.77 527.01 543.62 720.63 602.15 722.65 40.00 161.35 0.00 5,378.68

646.60 0.00 37.00 74.72 200.00 301.00 0.00 185.00 198.37 35.00 77.00 160.00 1,914.69




ContractServices

ManagementFee

1,129.30 955.14 827.22 1,110.24 1,096.32 899.62 895.43 1,000.58 1,072.14 951.66 1,049.13 1,013.37 12,000.15

Contract -Landscape

400.00 400.00 640.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 400.00 5,040.00

Contract - FireProtection

0.00 0.00 0.00 0.00 0.00 0.00 0.00 208.00 -104.00 0.00 0.00 0.00 104.00

Contract- PestControl

182.64 91.32 354.63 91.32 260.64 0.00 0.00 720.64 510.32 191.64 91.32 91.32 2,585.79

Contract -HVAC/Plumbing/Gasline

0.00 0.00 0.00 0.00 0.00 0.00 92.50 0.00 118.00 271.15 820.00 0.00 1,301.65

Contract -Janitorial

178.60 120.00 0.00 295.00 325.00 425.00 77.50 461.00 80.00 100.00 180.00 230.00 2,472.10

Contract -TrashRemoval

125.13 509.68 699.07 0.00 261.21 922.26 120.00 518.51 692.40 307.34 467.34 377.07 5,000.01

Total ContractServices

Total OperatingExpense

NOI - NetOperatingIncome

8,230.59 10,192.89 9,389.63 14,343.87 7,929.09 7,166.79 12,943.89 11,798.21 9,640.87 13,867.24 13,741.10 12,717.20 131,961.37

Other Income &Expense

Other Income

ExtraordinaryIncome

OtherExtraordinaryIncome

0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,505.00 -1,505.00 0.00 0.00 0.00 0.00

TotalExtraordinaryIncome

Total OtherIncome

2,015.67 2,076.14 2,520.92 1,896.56 2,343.17 2,646.88 1,585.43 3,308.73 2,768.86 2,221.79 3,007.79 2,111.76 28,503.70

10,872.25 6,351.57 12,827.49 7,582.43 10,063.33 10,741.73 7,622.79 9,641.49 9,392.26 7,115.44 6,526.23 7,648.79 106,385.80

0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,505.00 -1,505.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,505.00 -1,505.00 0.00 0.00 0.00 0.00




Other Expense

ReplacementReserves/CapitalExpense

CarpetReplacement

0.00 0.00 0.00 0.00 0.00 0.00 0.00 276.04 0.00 762.97 0.00 443.97 1,482.98

Range/Vent/Microwave

0.00 0.00 905.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 905.88

Refrigerator/Ice Maker

0.00 0.00 0.00 0.00 428.08 0.00 0.00 512.06 0.00 0.00 0.00 0.00 940.14

Electrical 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 591.60 0.00 0.00 591.60

ExteriorRepairs &Replacement

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,100.00 4,100.00

HVAC 0.00 6,554.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,554.70

InteriorRepairs &Replacements

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,037.00 0.00 1,037.00

TotalReplacementReserves/CapitalExpense

Total OtherExpense

Net Other Income 0.00 -6,554.70 -905.88 0.00 -428.08 0.00 0.00 716.90 -1,505.00 -1,354.57 -1,037.00 -4,543.97 -15,612.30

Total Income 19,102.84 16,544.46 22,217.12 21,926.30 17,992.42 17,908.52 20,566.68 22,944.70 17,528.13 20,982.68 20,267.33 20,365.99 238,347.17

Total Expense 10,872.25 12,906.27 13,733.37 7,582.43 10,491.41 10,741.73 7,622.79 10,429.59 9,392.26 8,470.01 7,563.23 12,192.76 121,998.10

Net Income

Other Items

SecurityDeposits

-200.00 135.00 -65.00 735.00 -650.00 -735.00 0.00 0.00 0.00 660.00 -435.00 400.00 -155.00

OwnerDistribution

-9,000.00 -5,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -9,000.00 -104,000.00

Net Other Items

0.00 6,554.70 905.88 0.00 428.08 0.00 0.00 788.10 0.00 1,354.57 1,037.00 4,543.97 15,612.30

0.00 6,554.70 905.88 0.00 428.08 0.00 0.00 788.10 0.00 1,354.57 1,037.00 4,543.97 15,612.30

8,230.59 3,638.19 8,483.75 14,343.87 7,501.01 7,166.79 12,943.89 12,515.11 8,135.87 12,512.67 12,704.10 8,173.23 116,349.07

-9,200.00 -4,865.00 -9,065.00 -8,265.00 -9,650.00 -9,735.00 -9,000.00 -9,000.00 -9,000.00 -8,340.00 -9,435.00 -8,600.00 -104,155.00




Cash Flow

Beginning Cash 4,792.92 3,823.51 2,596.70 2,015.45 8,094.32 5,945.33 3,377.12 7,321.01 10,836.12 9,971.99 14,144.66 17,413.76 4,792.92

Beginning Cash +Cash Flow

3,823.51 2,596.70 2,015.45 8,094.32 5,945.33 3,377.12 7,321.01 10,836.12 9,971.99 14,144.66 17,413.76 16,986.99 16,986.99

Actual EndingCash

3,823.51 2,596.70 2,015.45 8,094.32 5,945.33 3,377.12 7,321.01 10,836.12 9,971.99 14,144.66 17,413.76 16,986.99 16,986.99

-969.41 -1,226.81 -581.25 6,078.87 -2,148.99 -2,568.21 3,943.89 3,515.11 -864.13 4,172.67 3,269.10 -426.77 12,194.07



Location DescriptionGreat central location and visibility. Only 2 milesfrom U of A and 1/2 block from Bike path.


Location



Property Photos


[email protected](520) 403-2150License: BR107273000

Long Realty Company

900 E. River RoadTucson, AZ 85718

Anthony ReedAs an associate broker with over 40 years of experience as a property professional, specializing in investment and incomeproperties, I understand the intricacies of the Real Estate process. I know the Tucson area and the investment and incomeopportunities available here.

Current Occupation: ASSOCIATE BROKER

Website: http://WWW.INVESTTUCSON.COM


Broker Profile


mailto:[email protected]

http://www.investtucson.com

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