Bought with Realty One of New Mexico, LLC
$475,500
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2 Beds
1 Bath
3,000 SqFt
SOLD DATE : 10/07/2022
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $158
Subdivision Indian Acres
MLS Listing ID 1020783
Sold Date 10/07/22
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $2,297
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
The owner has priced this deal under market comparable sales to ensure an expeditious closing.With an average rent of $889, and at the ask price of $475,500 the measures of investment performance include $118,875 per unit, $158.50 per square foot, a before reserves cap rates of 5.88%, and an after tax IRR of 9.10%.If rents are moved to market of $1,173, measure of investment performance improve to a cap rate of 8.26%, and a cash on cash of 12.94%.If rents are moved to market of $1,173, measure of investment performance improve to a cap rate of 8.70%, and a cash on cash of 16.83%.NOTE: The one vacant unit, A, is available for showings up until 8/15 - there is a resident moving in at $1,200 a month for this unit, but Realtors can show it to their clients by contacting Kyle De
Location
State NM
County Bernalillo
Area 41 - Uptown
Interior
Heating Central, Forced Air, Wall Furnace
Cooling Evaporative Cooling
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101606045109540308
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Broker-Owner | Lic# 19305
8100 Wyoming Blvd NE Suite M4 PMB 239 Albuquerque NM, 87113