Description
Each of the two bedroom one bathroom units has a utility room with washer/dryer hookups. Heat is provided by electric baseboard heating units. The hot water heater is also electric. Apartment 3 has a fireplace. 3 of 4 units are vacant, renovated and ready for you to select your own residents. The property has a new roof, with a 5 year transferable warranty from We Care Roofing service, Buyer would be responsible for applying for the transfer.At the ask price of $375,000 and an average rent of $800 the measure of investment performance include a GRM of 9.77, a CAP rate of 6.64% (before reserves), a price per unit of $93,750 a price per square foot of $109.14 an after-tax IRR of 15.40%.
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2BEDS
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0.15ACRES
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1BATHS
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01/2 BATHS
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3,464SQFT
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$108$/SQFT
School Ratings & Info
Description
Each of the two bedroom one bathroom units has a utility room with washer/dryer hookups. Heat is provided by electric baseboard heating units. The hot water heater is also electric. Apartment 3 has a fireplace. 3 of 4 units are vacant, renovated and ready for you to select your own residents. The property has a new roof, with a 5 year transferable warranty from We Care Roofing service, Buyer would be responsible for applying for the transfer.At the ask price of $375,000 and an average rent of $800 the measure of investment performance include a GRM of 9.77, a CAP rate of 6.64% (before reserves), a price per unit of $93,750 a price per square foot of $109.14 an after-tax IRR of 15.40%.
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 Carson & Carson | Keller Williams Santa Fe. Data last updated: 2023-02-01T16:05:22.223.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.