TITLE:
4 Plex in NE Heights ABQ for sale on REC
CONTROL:
Exclusive
VALUE:
$539,000
LOAN:
$250,000
EQUITY:
$289,000
TYPE:
Multi-Family
HAVE:
Professionally managed NE Heights Fourplex. 898 square feet 2 bedroom 1 bathroom each apartment. 2 stories with identical units on each floor. Backyards on bottom and patios on top with small storage closets on porches. No deferred maintenance by property
WEBSITE URL:
ADDRESS:
1000 Chelwood Park Boulevard NE, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
In NE heights, fully occupied
OTHER FILES:
GROSS SCHEDULED INCOME:
$51,360 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$51,360
EXPENSES:
$8,322
NOI:
$43,038
DEBT SERVICE:
$24,000
CASH FLOW:
$19,038
CAP RATE:
7.98%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$250,000
$2,000
7%
12/31/1969
No
BENEFITS SOUGHT:
Seller will entertain owner financing real estate contract with 15-20% down, 7% interest and 5 year term at 30 year amortization
COUNSELOR:
Nikki Bronstorp
Coldwell Banker Legacy
8200 Carmel Ave
Albuquerque, New Mexico, 87122
