Description
Owner is offering for sale with 512 Ash SE or separately - using BID Process.With an average rent of $1,221, and at starting ask price of $941,924 the measures of investment performance include $117,741 per unit, $120 per square foot, a before reserves cap rates of 7.00%, and an after tax IRR of 18. 01%.If rents are moved to market of $1,581, measure of investment performance improve to a cap rate of 10.04%.Contains eight 2 bedroom / 1 bath town home style units, each with their own unique features. Two units have 1,000 + sf floorplans with private en-suite vanities & water closets. Most units have private yards. All units enjoy custom updates and designer touches, a free common laundry room, assigned off-street parking, private entry, and a secured common courtyard.
-
1BEDS
-
0.28ACRES
-
1BATHS
-
01/2 BATHS
-
6,800SQFT
-
$139$/SQFT
School Ratings & Info
Description
Owner is offering for sale with 512 Ash SE or separately - using BID Process.With an average rent of $1,221, and at starting ask price of $941,924 the measures of investment performance include $117,741 per unit, $120 per square foot, a before reserves cap rates of 7.00%, and an after tax IRR of 18. 01%.If rents are moved to market of $1,581, measure of investment performance improve to a cap rate of 10.04%.Contains eight 2 bedroom / 1 bath town home style units, each with their own unique features. Two units have 1,000 + sf floorplans with private en-suite vanities & water closets. Most units have private yards. All units enjoy custom updates and designer touches, a free common laundry room, assigned off-street parking, private entry, and a secured common courtyard.
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 Buchman Group | Keller Williams Realty. Data last updated: 2023-10-03T20:05:13.647.
![Southwest MLS] logo](https://static.boomtownroi.com/content/photos/swmls/idx/idx-large.gif)
Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.