bedrooms
2
bathrooms
0
square feet
7,720
Acreage
0.56
Open Houses
-
year built
1955
Full Baths
0
Half Baths
0
Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.
| Location | |
| Subdivision | Lots 1,2 & 3 Block 12,Virginia Addition |
| County | Bernalillo |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
Find out more
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MLS number: 1033316
Listing agent:
Todd D Clarke
#13711
Listing broker:
Nm Apartment Advisors Inc.
(505) 440-8633
Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Wednesday, February 12 2025 at 4:53 p.m. EST
Kotohomes National