TITLE:
Two 4-plex's Apartments
CONTROL:
Exclusive
VALUE:
$750,000
LOAN:
$304,000
EQUITY:
$446,000
TYPE:
Multi-Family
HAVE:
Two 4-plex's all 2 bedroom 1 bath units.
ADDRESS:
424 & 428 Georgia St. SE, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Would sell with owner financing. Seller would consider financing up to 30 years. With interest rate depending on strength of buyers credit and amount of down payment.
GROSS SCHEDULED INCOME:
$76,800 Actual
VACANCY LOSS:
$3,840
GROSS EFFECTIVE INCOME:
$72,960
EXPENSES:
$9,485
NOI:
$63,475
DEBT SERVICE:
$1,600
CASH FLOW:
$61,875
CAP RATE:
8.46%
BENEFITS SOUGHT:
Seller is looking to net $200,000. to help with expenses on another vacation property.
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
