Bought with Keller Williams Realty
$175,000
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1 Bed
1 Bath
1,286 SqFt
SOLD DATE : 02/01/2021
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,286 sqft
Price per Sqft $143
Subdivision Knob Heights
MLS Listing ID 980325
Sold Date 02/01/21
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,577
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Duplex
Property Description
Offer deadline is 12/17Starting Ask Price is $175,000, with an average rent of $665, measures of investment performance include a GRM of 10.96, a before reserves cap rate of 6.00% and an after-tax Internal Rate of Return (IRR) of 16.50%. If rents are raised to market of $750, measures of investment performance improve to a GRM of 9.72 cap rate of 7.06%. Classic duplex in a terrific Ridgecrest location. 2 well-apportioned 1 bedroom units with completely updated interiors marrying great modern amenities to hardwood floors, coves, plaster walls, and all the classic touches tenants treasure. Remodeled kitchens are large, open with lots of cabinet and counter space. Newer bathrooms have great custom tile work. Beautiful, mature landscaping gives the property a very nice private f
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Refrigerated
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605650709140710
Acceptable Financing Cash, FHA
Listing Terms Cash, FHA
Financing FHA
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