Description
Did you know that the average fourplex sales price of $322,843 reflects an appreciation of 31% between 2020 to 2021? Or that 24% of the fourplex market is in product that sold for more than $400,000? Our clients have our listing keeping pace with the (2.5%) monthly appreciation in the market as evidence by this property's price increase from $299,500 to the new price of $322,229.At the ask price of $322,229 and an average rent of $669 the measure of investment performance include a GRM of 10.04, a CAP rate of 6.03% (before reserves), a price per unit of $80,557 a price per square foot of $93.78 an after tax IRR of 16.80%.If rents were to be raised to market of $850, the measures of investment performance improve to a GRM of 7.90, and a cap rate of 8.40%.
Location
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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: 26th May, 2022 2:39 PM (UTC)
