317 Adams Street SE, Albuquerque, NM, USA
1
3915 m2
New Mexico
This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units.CORE AssetMeasures of investment performance at the ask price of $2,661,159 and current average rents of $792 a month are a GRM of 10.77, a 6.62% cap rate, $102,352 per unit, $204/sf, and an after tax internal rate of return is 13.20%And Value AddThe property is currently 24% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,023, the metrics of investment performance improve to a cap rate of 8.03% and a cash on cash of 8.98%. Schedule a Private Showing
Suy nghĩ sâu sắc đến hộp thư đến của bạn
Copyright © 2019 by Datdia Real Estate
Datdia Real Estate
This website requires cookies to provide all of its features. By using our website, you agree to our use of cookies. More info