Description
The property is being sold using the BID process with one date for tours and another for offers. Qualified investors can register for the tour and obtain confidential info.Exceptional location - with easy access to the Rio Grande Bosque Wilderness, Rio Grande shopping and dining, some of the city's best Acequia trails, I-25, the upcoming north Fourth street corridor, and the historic Camino Real and the pre-1937 Route 66 and it's associated beer, brew and bike amenities. Based on current increases the ask price of $1,239,653, and an average rent of $750, the measure of investment performance include a GRM of 9.83, a CAP rate of 6.00% before reserves, a price per unit of $88,547, a price per square foot of $127.80, a before tax IRR of 17.9% and an after tax IRR of 14.5%.
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1BEDS
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0.28ACRES
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1BATHS
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01/2 BATHS
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9,700SQFT
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$128$/SQFT
School Ratings & Info
Description
The property is being sold using the BID process with one date for tours and another for offers. Qualified investors can register for the tour and obtain confidential info.Exceptional location - with easy access to the Rio Grande Bosque Wilderness, Rio Grande shopping and dining, some of the city's best Acequia trails, I-25, the upcoming north Fourth street corridor, and the historic Camino Real and the pre-1937 Route 66 and it's associated beer, brew and bike amenities. Based on current increases the ask price of $1,239,653, and an average rent of $750, the measure of investment performance include a GRM of 9.83, a CAP rate of 6.00% before reserves, a price per unit of $88,547, a price per square foot of $127.80, a before tax IRR of 17.9% and an after tax IRR of 14.5%.
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: 2023-09-23T13:05:30.32.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.