491 Vancouver Road, Rio Rancho, NM 87124

$1,325,000
Property Type: Residential Income Lot Size (sq. ft.): 15,682 Status: Closed
Current Price: $1,325,000 List Date: 3/30/2019 Last Modified: 7/31/2019

Overview

Description

4 Well maintained, fully occupied, 4 plexes for sale. List of improvement upon request. All units have refrigerators, stoves, stacking washer/dryers, and private backyards. APOD available upon request. Attractive Cap rates on each. Viewing of units will be available after an acceptable offer is executed. Do not disturb tenants. 1 additional 4-plexes is available through same listing broker at 483 Vancouver.

Listing Details MLS# 940746

Status Change Info

Pending Date
2019-06-05
Closing Date
2019-07-31

Location

Street #
491
Street Name
Vancouver
St Suffix
Road
County
Sandoval
City/Town Code
Rio Rancho
State/Province
NM
Zip Code
87124
Zip +4
3871
MLS Area Major
150 - Rio Rancho MiD
Zone Atlas
52

CityCounty Data

Subdivision Name
Rio Rancho Estates

General Property Description

# of Units
20
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
0.36
Lot SqFt
15681.6
Directions
North on Rainbow from Southern. Right on Pecos Loop, left on Vancover. Units are on the north side of the roan. No sign. The complex includes 491,493,495, 497 Vancouver.
Stories
Yes
Total # of Buildings
5
Year Built
1997
Age
21 - 30
Disability Access
No
LBP Disclosure
No
Builder
unknown
Owner Occupant Unit
No

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
725
Actual Rent
700
Max Rent
775
Market Rent
750

# of Unit Types (2)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
725
Actual Rent
729
Max Rent
780
Market Rent
750

# of Unit Types (3)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
725
Actual Rent
732
Max Rent
885
Market Rent
750

# of Unit Types (4)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
725
Actual Rent
740
Max Rent
750
Market Rent
750

# of Unit Types (5)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
850
Actual Rent
699
Max Rent
725
Market Rent
700

Unit Summary

Total Units
20
Average Unit Size
750
Average Actual Rent
720
Annualized
172800
Total Actual Rent
14400

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
1009069472137

Tax & Legal Info

GRT Code
29-524
Tax Exemption
No
Tax Annual Amount
1643.78

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

No Landscaping
Yes
Wshr/Dryr HU in Unit
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Tile
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

No Utilities
Yes
Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Build Description

Resale
Yes

Appliances included

Free-Standing Gas Range
Yes
Microwave
Yes

Utilities

Cable Available
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Electric Provider

Public Utility
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Month To Month
Yes

Zoning

R-2
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping; Wshr/Dryr HU in Unit Appliances included: Free-Standing Gas Range; Microwave Utilities: Cable Available; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Tile Electric Provider: Public Utility Owner Pays: No Utilities; Water Tenant Pays: Electric; Gas Rental Info: Month To Month Finance Considered: Cash; Conventional Zoning: R-2
Listing Office: Berkshire Hathaway Home Svc NM
Last Updated: July - 31 - 2019
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