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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
7,500
acreage
Acreage
0.46
open houses
Open Houses
-
year built
year built
1946
full baths
Full Baths
0
half baths
Half Baths
0
Do not miss out on this rare value add opportunity to buy a renovated property with rents 29% below market and a below market interest rate loan with appraisal at $930,000 as-is today, and renovated, raised rents appraisal of $1,070,000). Rents have increased 6% this year and are scheduled to increase from $783 to $906 by November 1st, 2024.Measures of investment performance with an average rent of $783 and an ask price of $930,000 include $77,500 per unit , $122.47/sf, 6.91% cap rate, and an after tax IRR of 10.8%.This 12 unit community is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appre
Location
Subdivision La Mesa Addition
County Bernalillo
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 1044432
Listing agent: Todd D Clarke #13711
Listing broker: Nm Apartment Advisors Inc. (505) 440-8633
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, November 19 2024 at 7:52 p.m. EST
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