By one fourplex, or two - we can also include 130 Rhode Island SE & 126 Rhode Island SE at the average rents of $811 and at the ask price of $346,509 the measures of investment performance include a GRM of 8.90, a before reserves cap rate of 6.39% and an after tax IRR of 13.30%. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.13%, and cash on cash of 5.91%The fourplexes can be bought individually or together as they sit on their own individual lots. Each property has had recent renovations including new roof
2,954 Sq ft
3,000 Sq ft
2,600 Sq ft
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 25th September, 2023 10:43 PM (UTC)
Listing Office: NM Apartment Advisors, Inc.
Re/Max Select3401 Central Avenue NEAlbuquerque, NM 87106