652 Vancouver Road SE, Rio Rancho NM, 87124
(Active)
$612,500
|
2 beds, 1 baths, 2,700 sqft
|
MLS# 1043244
Last Updated: 4/29/2024 4:35 PM
Description for
652 Vancouver Road SE
Rio Rancho, NM 87124
652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes. Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.
Price
$612,500
LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 7B
Sandoval
2
1
2,700 (approx)
1043244
Active
Description
652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes. Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.
Listing Information
| Property Type: Fourplex, Multi-Family, 1 Story | ||
| 2 | 1 | |
| 0.34 Acres | 2,700 (approx) | 1997 |
| 1 | Frame | |
LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 7B
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Refrigerator
Vinyl
Evaporative
Other,
Forced Air, Central
Exterior / Lot Features
6 Parking Spaces,
Frame
R-2
Driving Directions
From Unser and Southern, West on Southern to Rainbow, north to Tulip and east to property (faces Tulip, address is on Vancouver)
Financial Considerations
| 1009069319071 |
| $2,375 |
Cash, Conventional, FHA, VA Loan
Listing Price History
Rio Rancho Real Estate
Rio Rancho is located in New Mexico. Rio Rancho, New Mexico 87124 has a population of 103,455.
The median household income in Rio Rancho, New Mexico 87124 is $61,652. The median household income for the surrounding county is $64,762 compared to the national median of $66,222. The median age of people living in Rio Rancho 87124 is 40 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/28/2024 | Active | $612,500 USD 2.94% |
|
| 10/15/2023 | Active | $595,000 USD |
|