Property Type:
Residential Income
Square Footage:
24,500
Lot Size (sq. ft.):
40,511
Status:
Closed
Current Price:
$2,887,604
List Date:
2/05/2016
Last Modified:
8/16/2017
Overview
Description
Rare opportunity to own perfect millennial housing in north campus location.
Located within walking distance to the UNM Legal and Medical campus as well as a Whole Foods.
48 fully furnished studio apartments + 2/1 unit were recently renovated and shows well.
$2,887,604, $58,931 per unit, $155/sf, 7.5% CAP rate, 10.2% cash on cash. Before tax IRR of 22.6%, after tax of 17.3%.
Last Updated: August - 16 - 2017
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.