Share |

For more information on this listing, please contact...

Courtesy: Nm Apartment Advisors, Inc.
  • Price:

    • $1,485,000

  • Listing #:
    • 835068
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • Other - See Remarks
  • Apx. SqFt:
    • 18,380
  • # of Acres:
    • 7.33
  • Lot Size:
    • 319,295
  • Year Built:
    • 1997
  • Subdivision:
    • N / A - 15properties
  • Address:
    • Alamosa + 14 others
  • City:
  • County:
    • Valencia
  • Area:
    • 700 - Los Lunas
  • State:
    • NM
  • Zip:
    • 87031

QR Code



Description

15 single family rental homes for sale - all currently leased - management is in place - call LA for registration info.8.60% proforma CAP rateBuilt in the 1990s - each with three bedrooms, two bathrooms and a two car garage is available for sale as a portfolio of rental units with management team in place.Located in two subdivisions of Los Lunas, NM and contained with Valencia County, which is forecast to grow by 107% in next 20 years.In market property manager just negotiated a 20% reduction on property taxes - proforma CAP rate at 8.6%, cash on cash 15.7% at ask price is $1.485M. Current average rents $914, proforma rents at $1,016 or 11% increase over existing level. Lender quote for financing is available.
  • Units
    • Owner Occupant Unit:
      • - No
    • Total # Of Buildings:
      • - 16
    • # Of Units:
      • - 15.00
    • Unit Summary: Total Units:
      • - 15
    • # Of Unit Types (1): # Of Units:
      • - 15
    • # Of Unit Types (1): Approx. Sqft:
      • - 1224
    • # Of Unit Types (1): # Of Bedrooms:
      • - 3
    • # Of Unit Types (1): # Baths:
      • - 2.00
    • # Of Unit Types (1): Market Rent:
      • - 1100
    • # Of Unit Types (1): Actual Rent:
      • - $914.00
    • # Of Unit Types (1): Max Rent:
      • - 995
  • Construction
    • Age:
      • - 1 - 3
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Unk
    • Flooring:
      • - Carpet
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - No
  • Lot
    • Details:
      • - R-1
  • Rent
    • Tenant Pays:
      • - Some Utilities
    • Rental Info:
      • - Current Lse Agreemnt
    • Unit Summary: Annualized:
      • - 164520.00
    • Unit Summary: Average Unit Size:
      • - 1224.00
    • Unit Summary: Average Actual Rent:
      • - 914.00
    • Unit Summary: Total Actual Rent:
      • - 13710.00
    • Owner Pays:
      • - Association Fees
      • - Other - See Remarks
  • Utilities
    • Utilities:
      • - Other / See Remarks
    • Heating:
      • - Central Forced Air
    • Cooling:
      • - Refrigerated
  • Income & Expenses
    • Approx. Taxes:
      • - 19162.00
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - No Landscaping
    • Appliances Included:
      • - Dryer H / U
      • - Washer H / U
    • Days On Market:
      • - 596
    • Finance Considered:
      • - Cash
      • - Conventional

For more information on this listing, please contact...