Listing Detail for MLS: 959448
Courtesy: NM Apartment Advisors, Inc.

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  • Price:

    • $500,000

  • Listing #:
    • 959448
  • Class:
    • Multi-Residential
  • Status:
    • Active
  • Type:
    • 5 Units
  • # of Acres:
    • 0.16
  • Lot Size:
    • 7,100
  • Year Built:
    • 1940
  • Subdivision:
    • University Heights
  • Address:
    • SE Columbia Drive
  • City:
  • County:
    • Bernalillo
  • Area:
    • 42 - Unm South
  • State:
    • NM
  • Zip:
    • 87106

Description

NM Apartment Advisors is excited to bring to market 420 Columbia SE - the front house has been split into two units and the back portion of the property are townhouse style triplex units.The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the ask price of $500,000 and an average rent of $777 the measure of investment performance include a GRM of 10.73, a CAP rate of 5.39%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 11.70%.If the average rent is raised to market of $820,measures of investment performance improve to a GRM of 10.16, and a Cap rate of 5.83%.
  • Units
    • Owner Occupant Unit:
      • - Yes
    • Total # Of Buildings:
      • - 2
    • # Of Units:
      • - 5.00
    • Unit Summary: Total Units:
      • - 5
    • # Of Unit Types (1): # Of Units:
      • - 1
    • # Of Unit Types (1): Approx. Sqft:
      • - 1075
    • # Of Unit Types (1): # Of Bedrooms:
      • - 2
    • # Of Unit Types (1): # Baths:
      • - 1.00
    • # Of Unit Types (1): Market Rent:
      • - 1200
    • # Of Unit Types (1): Actual Rent:
      • - $1,095.00
    • # Of Unit Types (1): Max Rent:
      • - 1095
    • # Of Unit Types (2): # Of Units:
      • - 1
    • # Of Unit Types (2): Approx. Sqft:
      • - 776
    • # Of Unit Types (2): # Of Bedrooms:
      • - 1
    • # Of Unit Types (2): # Baths:
      • - 1.00
    • # Of Unit Types (2): Market Rent:
      • - 800
    • # Of Unit Types (2): Actual Rent:
      • - 795
    • # Of Unit Types (2): Max Rent:
      • - 795
    • # Of Unit Types (3): # Of Units:
      • - 3
    • # Of Unit Types (3): Approx. Sqft:
      • - 638
    • # Of Unit Types (3): # Of Bedrooms:
      • - 1
    • # Of Unit Types (3): # Baths:
      • - 1.00
    • # Of Unit Types (3): Market Rent:
      • - $700.00
    • # Of Unit Types (3): Actual Rent:
      • - 665
    • # Of Unit Types (3): Max Rent:
      • - 700
  • Construction
    • Age:
      • - Select One
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Unknown
    • Flooring:
      • - Wood
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - Yes
  • Lot
    • Details:
      • - R-t*
  • Rent
    • Tenant Pays:
      • - None
    • Rental Info:
      • - Other - See Remarks
    • Unit Summary: Annualized:
      • - 46620.00
    • Unit Summary: Average Unit Size:
      • - 753.00
    • Unit Summary: Average Actual Rent:
      • - 777.00
    • Unit Summary: Total Actual Rent:
      • - 3885.00
    • Owner Pays:
      • - Electric
      • - Gas
  • Utilities
    • Utilities:
      • - Cable Connected
      • - Electricity Connected
      • - Natural Gas Connected
      • - Phone Connected
      • - Sewer Connected
    • Heating:
      • - None
    • Cooling:
      • - None
  • Income & Expenses
    • Approx. Taxes:
      • - 3369.00
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - No Landscaping
    • Appliances Included:
      • - Refrigerator
    • Days On Market:
      • - 66
    • Finance Considered:
      • - Cash
      • - Conventional

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