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Courtesy: Casa Grande Realty
  • Price:

    • $1,925,000

  • Listing #:
    • 900019
  • Class:
    • Commercial
  • Status:
    • Pending
  • Type:
    • Multi-use
  • Apx. SqFt:
    • 28,235
  • # of Acres:
    • 0.82
  • Lot Size:
    • 35,719
  • Address:
    • 1033 Madeira Drive
  • City:
  • County:
    • Bernalillo
  • Area:
    • 71 - Southeast Heights
  • State:
    • NM
  • Zip:
    • 87108

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Description

Great investment opportunity in this 42 unit apartment complex. 8.9% CAP RATE with an upside. Currently only 2 vacant. The return on investment is very good with yearly income of over $315,000 and 54% profit before debt service. This property makes sense for a long term investment portfolio.
  • Building Details
    • Stories:
      • - 3.00
    • Details:
      • - Masonry
    • Details:
      • - Brick Veneer
    • Details:
      • - 220 Power
    • Door Height:
      • - N / A
    • Docks:
      • - No
    • Number Of Docks:
      • - 0.00
    • Garage Spaces:
      • - 40.00
    • Disability Access:
      • - No
  • Property Details
    • Location:
      • - Other - See Remarks
      • - Suburban
    • Apx Lot Dim Front:
      • - 119
    • Apx Lot Dim Side:
      • - 300
    • Parking:
      • - Onsite
    • Additional Lot Dim.:
      • - See Survey In Attached Documents
    • Zoning:
      • - R-3
  • Utilities
    • Details:
      • - All City
      • - Cable Available
    • Heating:
      • - Electric
      • - Gas
      • - Heat Pump
      • - Hot Water
    • Hvac:
      • - Yes
  • Income and Expenses
    • Income & Expenses: Annual Gross Income:
      • - 315,771.00
    • Approx. Taxes:
      • - 15519.20
    • Income & Expenses: Annual Oper Expenses:
      • - 145,902.00
  • Leasing Details
    • Lease Information:
      • - Call List Office
    • Income & Expenses: Lease Term/months:
      • - 6-12
    • % Occupied:
      • - 95.20
  • Miscellaneous
    • Miscellaneous:
      • - Financial Info
    • Days On Market:
      • - 11
    • Finance Considered:
      • - Cash
      • - Conventional
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For more information on this listing, please contact...