Description
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
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2BEDS
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0.22ACRES
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1BATHS
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01/2 BATHS
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3,928SQFT
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$109$/SQFT
School Ratings & Info
Description
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
IDX information © 2024 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 Campbell & Campbell Real Estate Services. Data last updated: 2024-12-05T19:05:23.98.
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Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.