Description
The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 8-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.Measures of investment performance at ask price of $772,863 and current average rent of $856 are a GRM of 9.40, a 5.32% cap rate, $96,608 per unit, $128.81/sf.
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2BEDS
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0.16ACRES
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1BATHS
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01/2 BATHS
School Ratings & Info
Description
The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 8-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.Measures of investment performance at ask price of $772,863 and current average rent of $856 are a GRM of 9.40, a 5.32% cap rate, $96,608 per unit, $128.81/sf.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2023-06-10T16:05:07.777.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.