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  • DESCRIPTION

    This excellent fourplex is located near restaurants, Wal-Mart, financial institutions, medical, automotive as well as numerous other businesses. Rio Rancho has grown over 14% between 2010 - 2016 and the need for rental units is great. Rio Rancho has a shortage of rentals and is why these units are nearly always full. This is a great investment opportunity for a seasoned investor, or someone just getting started with a 7% CAP rate and a value-add upside. The owners of this property are represented by Mark Rickert of Rickert Property Group - Keller Williams Realty, bringing three generations of experience in sales and marketing of apartment buildings, and mobile home parks in New Mexico, Florida and California. Please do not disturb tenants or walk the grounds. Thank you.

    KEY DETAILS
    • Price:
    • $235,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 3,200
    • Acreage:
    • 0.34
    • Year Built:
    • 1985
    • MLS #:
    • 932335
    • Street Address:
    • 507 Vancouver Rd
    • City:
    • Rio Rancho
    • State:
    • NM
    • Postal Code:
    • 87124
    • County:
    • Sandoval
    • Area:
    • 150 - Rio Rancho Mid
    • Subdivision:
    • Rio Rancho Estates
    • Listing Status:
    • For Sale - Active

    Building

    • Age Of Dwelling:
    • 31 - 40
    • Amenities:
    • Laundry Community, Outside Lights, Tenant Storage
    • Construction Description:
    • Frame
    • Flooring:
    • Carpet, Laminate, Tile
    • Number Of Units:
    • 4.00
    • Siding:
    • Stucco
    • Square Footage Source:
    • Broker Provided
    • Stories:
    • 1
    • Total # Of Buildings:
    • 1
    • Total Building Square Footage:
    • 3200
    • Type Of Roof:
    • Shingle
    • Year Built:
    • 1985

    Business

    • Annual Gross Income:
    • 31200.00
    • Operating Expense:
    • Call Listing Broker

    Land

    • Approximate Lot Size Range Source:
    • On-Line
    • Conforms To Zoning:
    • R-2
    • Lot Square Footage:
    • 14810.40

    Listing

    • Days On Market:
    • 19
    • Terms:
    • Cash, Conventional

    Money

    • Price Per Square Foot:
    • 73.44
    • Property Taxes:
    • $2,368
    • Tenant Pays:
    • Electric, Gas

    Structures

    • Parking Description:
    • 2+spaces Per Unit, Paved Lot
    • Parking Spaces:
    • 2.00

    Systems

    • Appliances:
    • Blt-In Gas Stve/Oven, Dishwasher, Dryer H/U, Microwave, Refrigerator, Washer H/U
    • Cooling System:
    • Ceiling Fans(s), Central, Evaporative
    • Heating:
    • Central Forced Air, Gas
    • Metering:
    • Individual Electric, Individual Gas, Laundry Separate

    Source

    • Listing provided by Keller Williams Realty

      ALBUQ
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    NOTES

    No notes have been added for this home.

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