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Courtesy: Nm Apartment Advisors, Inc.
  • Price:

    • $6,095,000

  • Listing #:
    • 869534
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 65,535
  • # of Acres:
    • 5.55
  • Lot Size:
    • 241,566
  • Year Built:
    • 1980
  • Subdivision:
    • Fale Add & 2 Others
  • Address:
    • SE Wenonah+ 13100, 220 Dorado Avenue
  • City:
  • County:
    • Bernalillo
  • Area:
    • 71 - Southeast Heights
  • State:
    • NM
  • Zip:
    • 87123

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Description

Amazing property and rare opportunity to invest in a value add deal. - 14.63% cash on cash with new Freddie Mac - 10 year ownership - eligible for 4% renovation/rehab tax credits - 3 property portfolio allows for flexible exit strategy - Acquire well below replacement cost - Rents are 14% below submarket - Competing properties are charging for RUBs - Potential after tax IRR of 24.90%
  • Units
    • Owner Occupant Unit:
      • - No
    • Total # Of Buildings:
      • - 21
    • # Of Units:
      • - 120.00
    • Unit Summary: Total Units:
      • - 120
    • # Of Unit Types (1): # Of Units:
      • - 39
    • # Of Unit Types (1): Approx. Sqft:
      • - 560
    • # Of Unit Types (1): # Of Bedrooms:
      • - 1
    • # Of Unit Types (1): # Baths:
      • - 1.00
    • # Of Unit Types (1): Market Rent:
      • - 640
    • # Of Unit Types (1): Actual Rent:
      • - $555.00
    • # Of Unit Types (1): Max Rent:
      • - 554
    • # Of Unit Types (2): # Of Units:
      • - 1
    • # Of Unit Types (2): Approx. Sqft:
      • - 725
    • # Of Unit Types (2): # Of Bedrooms:
      • - 2
    • # Of Unit Types (2): # Baths:
      • - 1.00
    • # Of Unit Types (2): Market Rent:
      • - 766
    • # Of Unit Types (2): Actual Rent:
      • - 655
    • # Of Unit Types (2): Max Rent:
      • - 655
    • # Of Unit Types (3): # Of Units:
      • - 48
    • # Of Unit Types (3): Style:
      • - South
    • # Of Unit Types (3): Approx. Sqft:
      • - 830
    • # Of Unit Types (3): # Of Bedrooms:
      • - 2
    • # Of Unit Types (3): # Baths:
      • - 1.00
    • # Of Unit Types (3): Market Rent:
      • - $766.00
    • # Of Unit Types (3): Actual Rent:
      • - 678
    • # Of Unit Types (3): Max Rent:
      • - 719
    • # Of Unit Types (4): # Of Units:
      • - 32
    • # Of Unit Types (4): Style:
      • - North
    • Average Sqft:
      • - 830
    • # Of Unit Types (4): # Of Bedrooms:
      • - 2
    • # Of Unit Types (4): # Baths:
      • - 1.00
    • # Of Unit Types (4): Market Rent:
      • - $766.00
    • Average Actual Rent:
      • - 638
    • # Of Unit Types (4): Max Rent:
      • - $830.00
  • Construction
    • Age:
      • - 31 - 40
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Unk
    • Flooring:
      • - Carpet
      • - Vinyl
    • Basement:
      • - No
    • Garage Spaces:
      • - 179.00
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - No
  • Lot
    • Multiple Lots:
      • - Five
    • Details:
      • - R-2
  • Rent
    • Tenant Pays:
      • - Electric
      • - Gas
    • Rental Info:
      • - Other - See Remarks
    • Unit Summary: Annualized:
      • - 903120.00
    • Unit Summary: Average Unit Size:
      • - 741.37
    • Unit Summary: Average Actual Rent:
      • - 627.16
    • Unit Summary: Total Actual Rent:
      • - 75260.00
    • Owner Pays:
      • - Other - See Remarks
      • - Sewer
      • - Water
  • Utilities
    • Utilities:
      • - All City
    • Heating:
      • - Central Forced Air
    • Cooling:
      • - Evaporative
    • Metering:
      • - Individual Electric
      • - Individual Gas
  • Income & Expenses
    • Income & Expenses: Annual Gross Income:
      • - 884101.00
    • Income & Expenses: Operat:
      • - 409070.00
    • Operating Expenses:
      • - Other - See Remarks
    • Approx. Taxes:
      • - 34986.00
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - Balconies / Deck
      • - Fireplace Some Units
      • - Laundry Community
    • Appliances Included:
      • - Blt-in Gas Stve / Oven
      • - Dishwasher
      • - Refrigerator
    • Days On Market:
      • - 119
    • Finance Considered:
      • - Cash
      • - Conventional
      • - Fha

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