
Description
Located just a few blocks west of the Sandia mountain foothills at 12204 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $544,764 and current average rent of $1,275 are a GRM of 11.87, a 5.44% cap rate, $181,588 per unit, $170/sf and an after tax IRR of 9.80%, with the potential to lower an investors effective federal tax rate from 35% to 5%
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3BEDS
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0.23ACRES
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2BATHS
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01/2 BATHS
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3,203SQFT
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$170$/SQFT
School Ratings & Info
Description
Located just a few blocks west of the Sandia mountain foothills at 12204 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $544,764 and current average rent of $1,275 are a GRM of 11.87, a 5.44% cap rate, $181,588 per unit, $170/sf and an after tax IRR of 9.80%, with the potential to lower an investors effective federal tax rate from 35% to 5%
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: 2023-09-24T17:05:09.333.