Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Address: 515 Vancouver SE Road
City: Rio Rancho
Neighborhood: 150 - Rio Rancho Mid, Rio Rancho Estate
State: New Mexico
Did you know that Rio Rancho has an unmet rental housing demand of 5,742 units? And that is before the additional 750 Intel jobs that are slated to be added this coming year.New to market this Rio Rancho fourplex. Located near the Southern/Unser intersection the property is close both to the medical centers, retail/restaurant opportunities as well as just across the county line from Albuquerque.Rent increases are in the works with Unit A going to $850 a month.Measures of investment performance at ask price of $375,000 with a current average rent of $700 are a GRM of 11.16, a 5.58% cap rate before reserves, 5.34% cap rate after reserves, 15.50% after tax IRR, $93,750 per unit, and a price per sf of $117.19.Property also has a brand new roof.!
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: 3rd August, 2021 11:30 PM