Property Type:
Residential Income
Square Footage:
33,000
Lot Size (sq. ft.):
56,628
Status:
Closed
Current Price:
$3,495,000
List Date:
8/08/2015
Last Modified:
9/13/2018
Overview
Description
Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.
Adjoining recently renovated property that is current collecting rents between $775 to $1,075.
The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.
Last Updated: September - 13 - 2018
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.
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