Courtesy: Nm Apartment Advisors Inc. | Todd Clarke
  • Price:

    • $2,125,000

  • Listing #:
    • 158736
  • Class:
    • Commercial
  • Status:
    • Active
  • Type:
    • Apt/multi-family
  • Apx. Sqft.:
    • 32,328
  • Sale/Rent:
    • For Sale
  • Year Built:
    • 1986
  • Address:
    • 2100 Stardust CT 52
  • City:
  • Area:
    • 01 Sun Streets
  • State:
    • NM
  • Zip:
    • 88310

Description

The recently renovated and refreshed and Pines apartments are back on the market. Offered by original developer's family, the Pines apartments are located on a street infused with tall pine trees and mature landscaping. Built in 1986-7 and refreshed in the last few months, at the ask price of $2,125,000 and with an average rent of $459, the property measure of investment performance include a GRM of 67.42, a before reserves CAP rate of 8.31%, 14.02% cash on cash, and an after Tax IRR of 14.5%.

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  • Property Taxes
    • Details:
      • - 10798
  • Misc.
    • Apt/unit:
      • - 20+
    • Vacancyfactor:
      • - 14327
    • Grossincome:
      • - 286540
    • Expenses:
      • - 107385
  • Size or Dimensions
    • # Acres:
      • - 1.982
  • Construction
    • Builder:
      • - Day
    • Bldg Condition:
      • - Good
  • Misc. Bedroom Details
    • Bedrooms -eff Un/$:
      • - 392
    • Bedrooms -#1unit/$:
      • - $495
    • Bedrooms -#2unit/$:
      • - 685
    • Bedrooms -#3unit/$:
      • - $600
  • Lot / Land Details
    • Lot/unit:
      • - 5-10
  • Zoning
    • Fld Zone:
      • - U