Bought with SWMLS
$269,545
$269,545
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2 Beds
1 Bath
3,400 SqFt
SOLD DATE : 03/25/2021
Key Details
Sold Price $269,545
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $79
Subdivision Dorado Skies Subdivision
MLS Listing ID 981280
Sold Date 03/25/21
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1981
Annual Tax Amount $1,857
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions Public Records
Property Description
This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and is just off the major loop for mass transit.Four by two bedroom one bathroom units with wood burning fireplaces make for cozy living spaces. The downstairs units have private patio/backed areasAt the ask price of $269,545 and an average rent of $660 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.42% (before reserves), a price per unit of $67,386 a price per square foot of $79.28 an after tax IRR of 17.90%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 8.19, and a cap rate of 7.35% (before reserves).
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 102205624632810551
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
Financing Conventional
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