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RHODE ISLAND ALBUQUERQUE, NM 87108
- Multi-family (5 or more units) / Owner Financing
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Register to view full property details including contact info, and pricing. View Details!
Property Details for RHODE ISLAND St, ALBUQUERQUE, NM 87108
Features
- Price/sqft : View Details
- Total Units : View Details
- Total Rooms : View Details
- Room List : View Details
- Stories : View Details
- Roof Type : View Details
- Heating : View Details
Facts
- Year Built : View Details
- Property ID : View Details
- MLS Number : View Details
- Parcel Number : View Details
- Property Type : View Details
- County : View Details
- Legal Description : View Details
Sale Type
This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.
Description
Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.
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Property Brokerage:
NM Apartment Advisors Inc.
524 Central Ave. SW Suite 801
Albuquerque
NM
87102
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.