Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Address: 1121 Louisiana Boulevard SE
Neighborhood: 71 - Southeast Heights, Elder Homestead Addition
State: New Mexico
Located at 1121 Louisiana SE, this triplex is offered $69,500 less than the identical one we closed on last month across the courtyard at 1117 Louisiana SE. The main difference is my clients had performed an ~$18,000 renovation on the middle unit at 1117, increasing the market rents to $1,000. (email me if you want photos/design ideas from that unit).This triplex offers established residents who occupy two bedroom, one bathroom units with washer/dryer hookups, private back yard areas, and storage space. Each residents feels like its own private patio home.At the ask price of $230,000, and average rents of $645 the measures of investment performance include GRM of 10.43, cap rate before reserves of 5.44%, cap rate after reserves of 5.15% and an after tax IRR of 16.30%.
Courtesy of: NM Apartment Advisors, Inc. Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 20th January, 2022 4:23 AM