NM Apartment Advisors is excited to bring to market a triplex locate at 509 Virginia NE - this property is close to Kirtland Air Force Base, Sandia National Laboratories and all of the new restaurants along Central between Wyoming to Eubank.At the ask price of $139,500 and an average rent of $580 the measure of investment performance include a GRM of 7.03, a CAP rate of 7.50%, a price per unit of $46,500, a price per square foot of $83.63 and an after-tax IRR of 16.30%.Seller is open to Buyer assuming existing NM Real Estate Contract - $113,000, 6.5% interest, P&I of $726 + escrow for taxes and insurance. Buyer must qualify with background/credit check and financial statement.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Listing information last updated on August 5th, 2020 at 4:26am MDT.