TITLE:
8 unit Multifamily in ABQ- REC
CONTROL:
Exclusive
VALUE:
$760,000
LOAN:
$430,000
EQUITY:
$330,000
TYPE:
Multi-Family
HAVE:
8 unit multifamily investment for sale! This complex is split into (2) 4 plexes so they can be purchased on residential loans. 8 identical floorplans of approx 840 sq ft each with a shared yard. Professionally managed.
WEBSITE URL:
ADDRESS:
633-637 Louisiana Boulevard SE, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Rents can be improved
OTHER FILES:
GROSS SCHEDULED INCOME:
$75,060 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$75,060
EXPENSES:
$12,614
NOI:
$62,446
DEBT SERVICE:
$36,000
CASH FLOW:
$26,446
CAP RATE:
8.22%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$216,000
$0
8%
12/31/1969
No
LOAN 2
$216,000
$0
8%
12/31/1969
No
BENEFITS SOUGHT:
REC Available: 40% down, 3 Years, 7.5% interest
COUNSELOR:
Nikki Bronstorp
Coldwell Banker Legacy
8200 Carmel Ave
Albuquerque, New Mexico, 87122
