Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Address: 501 Simpier Lane SW
Neighborhood: 80 - Downtown Area, Simpier No 2
State: New Mexico
Situated just north of the NM Hispanic Cultural Centers 20 acre plaza with theaters, museum, library, genealogy center and so much more.At the ask price of $239,500 the measure of investment performance at current average rent of $750, include GRM of 8.87, 6.82% Cap rate before reserves, and an after tax IRR of 18.30%. If rents are moved to market of $800, measures of investment performance improve to 8.32 GRM, 7.39% Cap rate before reserves, and a cash on cash of 12.26% cash on cash.The property is being offered with the BID process - with a fixed tour date (no exceptions) and offer deadline.Critical datesTour - noon on Tuesday, September 14th, 2021 - Register onlineOffer deadline 9/16 at noon.
Courtesy of: NM Apartment Advisors, Inc. 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: 22nd September, 2021 7:10 AM