Excellent investment opportunity in the heart of Belen, NM. Propery provides 9 units, located just off Main St. The property is fully rented with appealing returns. Current CAP rate of 7.2%. Don't hesitate to move on this one. It won't last long.
- Price:
- $750,000
- Bedrooms:
- 2
- Square Footage:
- 5,400
- Acreage:
- 0.46
- Year Built:
- 2008
- Listing ID #:
- 1024314
- Street Address:
- 1201 S Main St
- City:
- Belen
- State:
- New Mexico
- Postal Code:
- 87002
- County:
- Valencia
- Community:
- 741 - Belen
- Listing Status:
- Pending
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 5400
- Building Condition:
- Resale
- Construction Description:
- Frame
- Exterior Features:
- Satellite Dish
- Flooring:
- Laminate, Tile
- Interior Features:
- Ceiling Fan(s)
- Number Of Floors In Unit:
- One
- Number Of Units:
- 9
- Stories:
- 1
- Total # Of Buildings:
- 3
- Total Building Square Footage:
- 5400
- Year Built:
- 2008
- Year Built Description:
- 10 - 15
- Gross Income:
- 74100
- Operating Expense:
- 19000
- Approximate Lot Size Range Source:
- Public Records
- Lot Square Footage:
- 20038
- Zoning Description:
- C-1
- Days On Market:
- 160
- On Market Date:
- 2022-10-13
- Originating Mls:
- Swmls
- Property Disclosures:
- Ranm2100disclosure
- Terms:
- Cash, Conventional, Owner May Carry
- Property Taxes:
- $4,816
- Tenant Pays:
- Electricity, Gas
- Appliances:
- Free-Standing Gas Range, Range Hood
- Cooling System:
- Central Air, Energystarqualifiedequipment, Ceiling Fan(s)
- Has Central Air Conditioning:
- Yes
- Heating:
- Central, Forced Air
- Utilities:
- Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Unit 1 Description:
- Studio
- Unit 1 Monthly Rent:
- 250
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Type:
- Studio
- Unit 2 Monthly Rent:
- 700
- Unit 2 Total Bathrooms:
- 1
- Unit 2 Total Bedrooms:
- 2
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: The Cavnar Group with Keller Williams Realty
