Description
recently renovated duplex which is located near the new Max-Q mixed-use development.The two, one bedroom, one bathroom units really pop with color, natural light and new appliances.Measures of investment performance at ask price of $224,900 and current average rent of $898 are a GRM of 10.44, a 6.30% cap rate, $112,450 per unit, $183.59/sf. If rents are raised to the market of $975, the measures of investment performance improve to a cap rate of 7.24%.Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of a new office building a few blocks awayMove quickly to take advantage of the 2018 tax cut and jobs act as it benefits investment properties like this.
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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: 3rd October, 2023 7:44 PM (UTC)
Listing Office: NM Apartment Advisors, Inc.
