bedrooms
0
bathrooms
0
square feet
7,500
Acreage
0.46
Open Houses
-
year built
1946
Full Baths
0
Half Baths
0
start price of $695,845, some 25% under a recent appraisal. The owner has recently made significant improvements to this family style apartment compound.Measures of investment performance with an average rent of $842 and a start price of $695,845 include $57,987 per unit , $91.63/sf, 10.34% (ACTUAL) cap rate, and an after tax IRR of 15.4%. If rents are moved closer to the market average and 60% of AMI, at $1,064, the measures of investment performance improve to a 13.77% cap rate.Property has recent appraisal with a today value of $930,000 and a future value of $1,070,000 and is approved for a loan from the Ventana Fund with a term sheet that includes 80% loan to value, 5.35% interest rates. Lender would require approval of the Buyer(s).
| Location | |
| Subdivision | La Mesa Addition |
| County | Bernalillo |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
Find out more
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MLS number: 1044432
Listing agent:
Todd D Clarke
#13711
Listing broker:
Nm Apartment Advisors Inc.
(505) 440-8633
Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, April 22 2025 at 3:16 p.m. EDT
Kotohomes National
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