Bought with Deacon Property Services
$698,778
$696,778
0.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
6,112 SqFt
SOLD DATE : 11/21/2024
Key Details
Sold Price $698,778
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,112 sqft
Price per Sqft $114
Subdivision Lots 1-2, Tract 13, Knob Heights
MLS Listing ID 1062316
Sold Date 11/21/24
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $494
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
Unique southern New Mexico architecture combined with courtyard spaces and refrigerated air conditioning, this property is positioned well for the value add investor who recognizes that current average rents are 43% below market rents for the area.Located at 3436 & 3440 Ross SE, each building has its own deeded lot.Measures of investment performance at ask price of $696,778 and current average rent of $625 are a GRM of 11.61, a 4.63% cap rate, $97,097 per unit, $114/sf. Your color by numbers, step by step process go get close to a final market value of $1,025,000 include (call listing broker to discuss).
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Flooring Carpet, Tile
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605644612440812
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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