652 Vancouver Road Se, Rio Rancho, NM

$612,500

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2

Beds

1

Bath

2,700

Square feet

0.34

Acres

About 652 Vancouver Road Se

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.

Features of 652 Vancouver Road Se

MLS® # 1043244
Price $612,500
Bedrooms 2
Bathrooms 1.00
Square Footage 2,700
Acres 0.34
Year Built 1997
Type Residential Income
Sub-Type Quadruplex
Status Pending

Community Information

Address 652 Vancouver Road Se
Area 150 - Rio Rancho MiD
Subdivision LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 7B
City Rio Rancho
County Sandoval
State NM
Zip Code 87124

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Appliances Refrigerator
Heating Central, Forced Air
Cooling Evaporative Cooling
Fireplace No
# of Stories 1
Stories One

Exterior

Construction Frame, Stucco

Additional Information

Date Listed October 15th, 2023
Days on Market 247
RE / Bank Owned No

Listing Details

OfficeNM Apartment Advisors, Inc.

Listing Map

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