TITLE:
Four Plex
CONTROL:
Exclusive
VALUE:
$360,000
LOAN:
$0
EQUITY:
$360,000
TYPE:
Multi-Family
HAVE:
This four-unit apartment complex consisting of two bedrooms and one bathroom units, generating a gross annual income of $51,000. The property delivers a net operating income (NOI) of $30,877, a cap rate of 8.6%, and a cash-on-cash return of 10.36%.
ADDRESS:
126 Altez St. NE, 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 fee of 8%
GROSS SCHEDULED INCOME:
$51,000 Actual
VACANCY LOSS:
$2,550
GROSS EFFECTIVE INCOME:
$48,450
EXPENSES:
$17,574
NOI:
$30,876
DEBT SERVICE:
$21,552
CASH FLOW:
$9,324
CAP RATE:
8.58%
BENEFITS SOUGHT:
Downsizing portfolio.
CAN ADD:
Other residential income properties.
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 $30877, a cap rate of 8.6%, and a cash-on-cash return of 10.36%.
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
