6 Units - Albuquerque, NM
New stucco (May 2017). Separately metered electric, 435 is separately metered gas as well. 431 has 100 gal water heater, 435 has individual unit water heaters. Separate evaporative coolers for each unit.Long term tenants on month-to-month leases, all would like to stay. 93% occupancy rate this year, averages between 90-97%. Quick turns on units. All units rented.~13.65% CAP rate on rents at list price.Given 20% down, some closing costs, and $240k loan amount- approaches 68% cash-on-cash return, verify numbers based on rents to confirm return value. Solid investment and return.Pictures of all units available upon request.
Would you like more information regarding this property?
Please call (505) 291-0050.
Data Provided by: