Description
Located just a few blocks north of Oldtown and within walking distance of the Bosque trail head, 2450 Floral Road NW include the following unit mix:- Unit AB is the main house with hardwood floors and a small studio/bonus room/office or third bedroom- Unit C is a two story, two bedroom, one bathroom 786 square footMeasures of investment performance at start price of $550,000 and current average rent of $2,050 are a GRM of 11.18, a 5.33% cap rate, $275,000 per unit, $197/sf and an after tax IRR of 14.00%, with the potential to lower an investors effective federal tax rate from 35% to 5%. (ask listing broker for additional details and/or zoom video/powerpoint).
Location
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: 28th November, 2023 7:48 PM (UTC)
Listing Office: NM Apartment Advisors, Inc.
