Neighborhood: 71 - Southeast Heights, Dorado Skies Subdivision
State: New Mexico
Did you know that the average fourplex sales price of $314,948 reflects an appreciation of 38% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Are listing clients are keeping pace with the monthly appreciation in the market as evidence by this property's increase from $299,500 last month to the new priced at the recent appraisal of $310,000 and totally ready to go with full inspection reports available for your buyers review!At the ask price of $310,000 and an average rent of $650 the measure of investment performance include a GRM of 9.94, a CAP rate of 6.02% (before reserves), a price per unit of $77,500 a price per square foot of $90.22 an after tax IRR of 16.80%.
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: 21st October, 2021 9:26 AM