2 bedroom house for sale
$373,105 - Albuquerque NM 87108Albuquerque NM 87108
2 bedroom house for sale
- Beds: 2
- Baths: 1
- Price: $373,105
- Reference No.: 69134746
- Area: 3,000 sqft
Overview
If rents are raised to the market of $1, 247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373, 105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1, 247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor For more details and to contact: https://realtyww.info/homes_albuquerque-d523737/for-sale_i69134746
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-04, Viewed 0 times.
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