Description
Tour Date: Noon on 9/26Offer deadline Noon on 9/28Property is being offered for sale using BID Process. Contact your buyers broker for additional info on sales process.At the listing brokers request, the owner has held 4 units vacant and by the tour date, we will be able to view 5 of the 6 units.Priced below market comparables at $573,521 and at the start price of $457,332 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
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2BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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4,136SQFT
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$111$/SQFT
School Ratings & Info
Description
Tour Date: Noon on 9/26Offer deadline Noon on 9/28Property is being offered for sale using BID Process. Contact your buyers broker for additional info on sales process.At the listing brokers request, the owner has held 4 units vacant and by the tour date, we will be able to view 5 of the 6 units.Priced below market comparables at $573,521 and at the start price of $457,332 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
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 The Team | Realty Executives Advantage. Data last updated: 2023-09-26T19:05:13.81.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.