TITLE:
Old Town Duplex - Almost no Vacancy!
CONTROL:
Exclusive
VALUE:
$399,900
LOAN:
$169,000
EQUITY:
$230,900
TYPE:
Multi-Family
HAVE:
Fully Leased Duplex in a great walking community Old Town Albuquerque. Solid income and rarely vacant. Home features fully paid solar system with warranty.
ADDRESS:
2425 Mountain Road NW, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Desirable area with low vacancy. Possibility for massive short term rental income for the right manager. Walking distance to many amenities
OTHER FILES:
GROSS SCHEDULED INCOME:
$38,400 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$38,400
EXPENSES:
$6,500
NOI:
$31,900
DEBT SERVICE:
$16,860
CASH FLOW:
$15,040
CAP RATE:
7.98%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$169,000
$1,405
4%
12/31/1969
Yes
BENEFITS SOUGHT:
Liquidity - would consider owner carry with large down payment.
CAN ADD:
N/A
REMARKS:
Consistent income in a great walking community. Located near Albuquerque Zoo and Aquarium.
COUNSELOR:
Michael Schlichte
Absolute Real Estate
1100 Alameda Blvd. NW Ste.4
Albuquerque, , 87114
Phone: 5053186264
Email mike@my505home.com
