Fax : 505-857-2383
Courtesy of: NM Apartment Advisors, Inc.
Amazing gem of triplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50’s. The rear duplex is currently under construction and slated to finish 12/2017. Property includes front unit and under construction rear duplex - slated to finish by December 2017. Measurements of investment performance based on actual average rents of $823 per unit, 5.30% CAP rate, 12.700% before tax IRR, and 11.00% after tax. Based on a market rent of $940 per unit, the measure of investment performance improves to a 6.30% Cap (before reserves), and a 8.10% cash on cash.