Description
Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access.At the start price of $853,050 and an average rent of $968 the measure of investment performance include a GRM of 12.88, a CAP rate of 5.28%, a price per unit of $142,175, a price per square foot of $171.36 and an after-tax IRR of 14.40%. If rents are raised to the market average of $1,033, measures of investment performance improve to a GRM of 11.47, a Cap rate of 6.03% and a cash on cash of 7.25%.The owner is open to selling the triplexes separately, so l
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2BEDS
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0.49ACRES
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0BATHS
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01/2 BATHS
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4,978SQFT
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$171$/SQFT
School Ratings & Info
Description
Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access.At the start price of $853,050 and an average rent of $968 the measure of investment performance include a GRM of 12.88, a CAP rate of 5.28%, a price per unit of $142,175, a price per square foot of $171.36 and an after-tax IRR of 14.40%. If rents are raised to the market average of $1,033, measures of investment performance improve to a GRM of 11.47, a Cap rate of 6.03% and a cash on cash of 7.25%.The owner is open to selling the triplexes separately, so l
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Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.