Newer construction (2005) - and amazing gem of duplex (two houses front/rear) located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. This property was built in 1996, and includes two houses and a single car garage.Measurements of investment performance based on actual average rents of $975 per unit, 5.25% CAP rate, 10.30% before tax IRR, and 7.30% after tax. Based on a market rent of $1,113 per unit+$50 in garage income, the measure of investment performance improves to a 6.79% Cap.Ideal for the owner occupant or investor.
Listing 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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.