Description
This property contains 4 x 2 bedroom, 1 bathroom units and 2 x 1 bedroom, 1 bathroom units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below)/.Priced below market comparables at $503,7506 and at the list price of $457,332 with an average rent of $638, measures of investment performance include a GRM of 9.96, a before reserves cap rate of 6.63% and an after-tax Internal Rate of Return (IRR) of 18.60%. If rents are raised to the market average of $838, measure of investment performance improve to a cap rate of 9.32% and a cash on cash of 16.65%.
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2BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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4,136SQFT
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$111$/SQFT
School Ratings & Info
Description
This property contains 4 x 2 bedroom, 1 bathroom units and 2 x 1 bedroom, 1 bathroom units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below)/.Priced below market comparables at $503,7506 and at the list price of $457,332 with an average rent of $638, measures of investment performance include a GRM of 9.96, a before reserves cap rate of 6.63% and an after-tax Internal Rate of Return (IRR) of 18.60%. If rents are raised to the market average of $838, measure of investment performance improve to a cap rate of 9.32% and a cash on cash of 16.65%.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or NM Homies | Realty One of New Mexico. Data last updated: 2023-06-04T00:05:21.933.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.