Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.With an average rent of $1,083, and at the list price of $406,126 the measures of investment performance include $135,375 per unit, $138.14 per square foot, a before reserves cap rates of 5.91%, and an after tax IRR of 14.00%.
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: 6th June, 2023 1:54 AM (UTC)
Listing Office: NM Apartment Advisors, Inc.