Description
Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.With an average rent of $1,083, and at the list price of $406,126 the measures of investment performance include $135,375 per unit, $138.14 per square foot, a before reserves cap rates of 5.91%, and an after tax IRR of 14.00%.
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2BEDS
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0.19ACRES
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1BATHS
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01/2 BATHS
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2,940SQFT
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$138$/SQFT
School Ratings & Info
Description
Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.With an average rent of $1,083, and at the list price of $406,126 the measures of investment performance include $135,375 per unit, $138.14 per square foot, a before reserves cap rates of 5.91%, and an after tax IRR of 14.00%.
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: 2023-03-29T21:05:24.52.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.