Description
recently renovated duplex which is located near the new Max-Q mixed-use development.The two, one bedroom, one bathroom units really pop with color, natural light and new appliances.Measures of investment performance at ask price of $224,900 and current average rent of $898 are a GRM of 10.44, a 6.30% cap rate, $112,450 per unit, $183.59/sf. If rents are raised to the market of $975, the measures of investment performance improve to a cap rate of 7.24%.Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of a new office building a few blocks awayMove quickly to take advantage of the 2018 tax cut and jobs act as it benefits investment properties like this.
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1BEDS
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0.16ACRES
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1BATHS
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01/2 BATHS
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1,225SQFT
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$184$/SQFT
School Ratings & Info
Description
recently renovated duplex which is located near the new Max-Q mixed-use development.The two, one bedroom, one bathroom units really pop with color, natural light and new appliances.Measures of investment performance at ask price of $224,900 and current average rent of $898 are a GRM of 10.44, a 6.30% cap rate, $112,450 per unit, $183.59/sf. If rents are raised to the market of $975, the measures of investment performance improve to a cap rate of 7.24%.Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of a new office building a few blocks awayMove quickly to take advantage of the 2018 tax cut and jobs act as it benefits investment properties like this.
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: 2023-10-03T22:05:25.027.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.