TITLE:
Four, 4-Plex units fully leased
CONTROL:
Exclusive
VALUE:
$2,060,000
LOAN:
$540,000
EQUITY:
$1,520,000
TYPE:
Multi-Family
HAVE:
Prime Multi-Family Investment Opportunity in Rio Rancho! Discover this rare investment consisting of four separately parceled 4-plex buildings offered for sale together. 16 doors total with room to add additional income. Long term tenants well maintained
ADDRESS:
55-95 Darlene Road SE, Rio Rancho, New Mexico
BENEFITS TO NEW OWNER:
Retired real estate pro looking to cash out and downsize portfolio. Can no longer manage.
OTHER FILES:
GROSS SCHEDULED INCOME:
$153,600 Actual
VACANCY LOSS:
$7,680
GROSS EFFECTIVE INCOME:
$145,920
EXPENSES:
$45,968
NOI:
$99,952
DEBT SERVICE:
$45,600
CASH FLOW:
$54,352
CAP RATE:
4.85%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$135,000
$950
5%
12/31/1969
No
LOAN 2
$135,000
$950
5%
12/31/1969
No
LOAN 3
$135,000
$950
5%
12/31/1969
No
LOAN 4
$135,000
$950
5%
12/31/1969
No
REMARKS:
I have each pair listed for $1,030,000 and the seller would like to sell in pairs or all together as one sale. Timing is key and a big factor in reviewing offers.
COUNSELOR:
Michael Schlichte
Absolute Real Estate
1100 Alameda Blvd. NW Ste.4
Albuquerque, New Mexico, 87114
