5 bedroom house for sale

Overview

The property contains a large two bedroom home, 5 two bedroom units, 5 one bedroom units and a studio apartment all in a private courtyard setting facing each other. Current rents are 30% below market.Measures of investment performance with an average rent of $738 and an ask price of $875, 997 include $73, 000 per unit , $116.80/sf, 6.76% cap rate, and an after tax IRR of 11.2%.If rents are moved closer to the market average of $975, the measures of investment performance improve to a 10.14% cap rate.Recent comparable sales indicate a value of $1, 184, 884 and the owner has priced these deals under market comparable sales to ensure an expedited closing. For more details and to contact: https://realtyww.info/homes_albuquerque-d523737/for-sale_i69392278

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