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.
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Listing information last updated on April 7th, 2020 at 4:56pm MDT.