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    515 Vancouver Road SE

    Rio Rancho, NM 87124
    • $375,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 992181
    UPDATED: 81 min ago
    $375,000
    • 2
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Did you know that Rio Rancho has an unmet rental housing demand of 5,742 units? And that is before the additional 750 Intel jobs that are slared to be added this coming year.New to market this Rio Rancho fourplex. Located near the Southern/Unser intersection the property is close both to the medical centers, retail/restaurant opportunities as well as just across the county line from Albuquerque.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate north facing storage rooms.Measures of investment performance at ask price of $375,000 with a current average rent of $671 are a GRM of 11.64, a 5.29% cap rate before reserves, 5.05% cap rate after reserves, 14.90% after tax IRR, $93,750 per unit

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    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-06-17T16:04:56.777.
    www.sandisells.com/homes/117310848
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    515 Vancouver Road SE Rio Rancho, NM 87124

    • Price: $375,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 992181
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    3,200
    SQFT
    $117
    $/SQFT
    1990
    Built
    Neighborhood:
    Rio Rancho Estate
    County:
    Sandoval
    Area:
    150 - Rio Rancho MiD
    Property Description
    Did you know that Rio Rancho has an unmet rental housing demand of 5,742 units? And that is before the additional 750 Intel jobs that are slared to be added this coming year.New to market this Rio Rancho fourplex. Located near the Southern/Unser intersection the property is close both to the medical centers, retail/restaurant opportunities as well as just across the county line from Albuquerque.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate north facing storage rooms.Measures of investment performance at ask price of $375,000 with a current average rent of $671 are a GRM of 11.64, a 5.29% cap rate before reserves, 5.05% cap rate after reserves, 14.90% after tax IRR, $93,750 per unit
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Heating CentralForced Air Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 3200 Disclosures Ranm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2201 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-2

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-06-17T16:04:56.777.
     
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    Sandi Pressley Team | Coldwell Banker Legacy
    10400 Academy Rd NE Suite 100
    Alburquerque NM, 87111