Bulk Investment Condo Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30168792
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 1,836 SF
Gross Building Area: See Agent
Sale Price: $229,000
Unit Price: $76,333.33 Per Unit
Property Use Type: Investment
Building Name: Casas De Soledad Condominiums
Sale Terms: Cash to Seller
Cap Rate: 5.72%
Average Occupancy Rate: 100
Last Updated: 10/8/2017

Overview / Comments

Three Separate condos being sold as a package. Fully rented and well maintained. Turnkey investment.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $2,950 (Annual)
Potential Rental Income $34,320 (Annual)
Net Operating Income $20,180 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Percent Occupied: 100%
Community Amenities: Outdoor Pool, Community Hot Tub, Community Building, Recreation Room, Exercise Room, Business Center, On-Site Maintenance
Airports: ELP & Las Cruces International
Property Condition: Good
Number of Stories: 2
Year Built: 2004
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: Two of the units have garages that are being rented for additional income and the other two units have assigned covered parking.
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,924 64,457 116,335
Median Age: 37.72 35.04 34.23
Households: 1,450 27,121 45,937
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