Description
Property being sold using BID process.The property features two one bedroom/one bathroom units. The extra lot lots contain 0.1618 acres with alley access and space for additional building(s).Based on the current average rents of $900 per month, and an ask price of $245,000 the property's measures of investment performance include a 11.34 GRM, 6.07% cap rate before reserves, before tax IRR of 15.50% and an after-tax IRR of 12.30%. If rents were raised to market average of $933, the measures of investment performance improve to a 8.82% cap rate, and a 14.01% cash on cash.Timeline of events:1. Qualified Investors can register for the tour scheduled at noon on Tuesday, June 6th3. The offer deadline is noon on Thursday, June 8th.
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1BEDS
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0.16ACRES
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1BATHS
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01/2 BATHS
School Ratings & Info
Description
Property being sold using BID process.The property features two one bedroom/one bathroom units. The extra lot lots contain 0.1618 acres with alley access and space for additional building(s).Based on the current average rents of $900 per month, and an ask price of $245,000 the property's measures of investment performance include a 11.34 GRM, 6.07% cap rate before reserves, before tax IRR of 15.50% and an after-tax IRR of 12.30%. If rents were raised to market average of $933, the measures of investment performance improve to a 8.82% cap rate, and a 14.01% cash on cash.Timeline of events:1. Qualified Investors can register for the tour scheduled at noon on Tuesday, June 6th3. The offer deadline is noon on Thursday, June 8th.
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 Campbell & Campbell Real Estate Services. Data last updated: 2023-05-28T18:05:02.567.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.