Description
Tour 6/21 at noon (only)Offer deadline 6/23 at noonBased on the current average rents of $915 per month, and an ask price of $221,066 the property's measures of investment performance include a 10.07 GRM, 7.55% cap rate before reserves, before tax IRR of 23.60% and an after-tax IRR of 18.40%. The property has a valuable mixed-use-light (MX-L) zoning which allows for live/work, retail, office, and residential uses and opens the door for a redevelopment in the long term.The front house is two bedroom, one bathroom, vacant and will only be showed on the tour date, but you can get a sense of the thick adobe walls and quirks that are quintessentially in north valley properties.
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2BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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1,393SQFT
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$0$/SQFT
School Ratings & Info
Description
Tour 6/21 at noon (only)Offer deadline 6/23 at noonBased on the current average rents of $915 per month, and an ask price of $221,066 the property's measures of investment performance include a 10.07 GRM, 7.55% cap rate before reserves, before tax IRR of 23.60% and an after-tax IRR of 18.40%. The property has a valuable mixed-use-light (MX-L) zoning which allows for live/work, retail, office, and residential uses and opens the door for a redevelopment in the long term.The front house is two bedroom, one bathroom, vacant and will only be showed on the tour date, but you can get a sense of the thick adobe walls and quirks that are quintessentially in north valley properties.
IDX information © 2022 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 Carson & Carson | Keller Williams Santa Fe. Data last updated: 2022-07-05T10:05:07.607.
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Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.