$2,661,159
bedrooms
0
bathrooms
0
square feet
13,050
Acreage
0.54
Open Houses
-
year built
1985
Full Baths
0
Half Baths
0
This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units.CORE AssetMeasures of investment performance at the ask price of $2,661,159 and current average rents of $792 a month are a GRM of 10.77, a 6.62% cap rate, $102,352 per unit, $204/sf, and an after tax internal rate of return is 13.20%And Value AddThe property is currently 24% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,023, the metrics of investment performance improve to a cap rate of 8.03% and a cash on cash of 8.98%.
| Location | |
| Subdivision | - |
| County | Bernalillo |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
Find out more
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MLS number: 1074795
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.
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Last update: Friday, December 6 2024 at 3:13 p.m. EST
Kotohomes National