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Gina Maes
(505) 798-6300
Mobile Phone:
(505) 259-6220
ginasmyrealtor@gmail.com
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Gina Maes
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(505) 798-6300
Mobile Phone:
(505) 259-6220
ginasmyrealtor@
gmail.com
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(505) 798-6300
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FOR SALE
$612,500
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652 Vancouver Road SE
Rio Rancho, NM 87124

Fourplex, Multi-Family
Residence
2
Beds
1
Baths
2,700
Sqft
0.34
Lot Size
Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 

Description for 652 Vancouver Road SE Rio Rancho, NM 87124

652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes. Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.

Property Details

1043244
Fourplex, Multi-Family, 1 Story
2
Sandoval
1
1997
0.34 Acres
1
Frame
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Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 4/27/2024 5:59 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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Member of: Berkshire Hathaway HomeServices New Mexico Properties, (505) 798-6300
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Gina Maes

6711 Academy Rd. NE Ste. B, Albuquerque, NM 87109 | Phone: (505) 259-6220 | Email: ginasmyrealtor@gmail.com

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