Property Type:
Residential Income
Square Footage:
9,880
Lot Size (sq. ft.):
12,496
Status:
Closed
Current Price:
$900,000
List Date:
4/05/2022
Last Modified:
6/11/2022
Overview
Description
This 16 unit two story townhouse style apartment building is within walking distance to UNM and CNM. Has good walk, bike, and transit scores. This 50+ year old property was built with quality workmanship and has been well maintained. The living room and kitchen are downstairs. A spiral stairs leads up to the bedroom, bathroom, large walk-in closet, linen closet and another smaller closet and balcony. Each apartment has approximately 600 sq ft. Has a new water heater.
Unit Summary: Total Units 16, Gross annual rent by April 15th will be $121500. Proforma gross rent at $650 each = $124800. Cap rate after reserves is 5.74 with a GRM of 7.60 and a price per sq. ft. of $91.09.
Last Updated: June - 11 - 2022
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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