TITLE:
Four Plex
CONTROL:
Exclusive
VALUE:
$360,000
LOAN:
$85,000
EQUITY:
$275,000
TYPE:
Multi-Family
HAVE:
This four-unit apartment complex features spacious two-bedroom, one-bathroom units generating a gross annual income of $51,000. The property achieves a net operating income (NOI) of $33,105, a cap rate of 8.8%, and a cash-on-cash return of 11.36%.
ADDRESS:
127 Garcia St. NE Albuquerque, NM 87123, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Management is currently reflected at 10%. However, for someone in this room (Exchanger), my company would extend a preferred management rate of 8%.
GROSS SCHEDULED INCOME:
$53,760 Actual
VACANCY LOSS:
$2,688
GROSS EFFECTIVE INCOME:
$51,072
EXPENSES:
$17,967
NOI:
$33,105
DEBT SERVICE:
$22,452
CASH FLOW:
$10,653
CAP RATE:
9.20%
BENEFITS SOUGHT:
Downsizing portfolio.
CAN ADD:
Other residential rentals
REMARKS:
This four-unit apartment complex features spacious two-bedroom, one-bathroom units generating a gross annual income of $51,000. The property achieves a net operating income (NOI) of $33,105, a cap rate of 9.2%, and a cash-on-cash return of 12.83%.
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
