TITLE:
Multi-Family Portfolio Sale
CONTROL:
Exclusive
VALUE:
$750,000
LOAN:
$89,000
EQUITY:
$661,000
TYPE:
Multi-Family
HAVE:
2 separate 4-plexes.
ADDRESS:
126 Garcia & 127 Altez, Albuquerque, New Mexico
GROSS SCHEDULED INCOME:
$103,800 Actual
VACANCY LOSS:
$5,190
GROSS EFFECTIVE INCOME:
$98,610
EXPENSES:
$30,066
NOI:
$68,544
DEBT SERVICE:
$52,824
CASH FLOW:
$15,720
CAP RATE:
9.14%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$89,000
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Path to Cash
CAN ADD:
Other multifamily properties.
REMARKS:
Portfolio consist of 2 4-plexes. Both two bedroom one bath units. Professional Management of 10% was added into expenses. Owner currently self manages.
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
