483 Vancouver Rd Se, Rio Rancho, NM 87124

$595,000

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List Price
$595,000
Property Type
Multifamily
Lot Size
20,038
Region
Rio Rancho MiD
Status
ACTIVE

Property Description

Fully occupied Fourplex on an oversized, almost 0.5 Acre Corner Lot with the possibility for adding more Apartments! Each of the 4 Apartments are approx. 850 sf and feature a generous layout with 2 Bedrooms, 1 Bathroom, Kitchen with Dining area, large Living Room and their own Backyard. Washer/Dryer hookups in each Apartment, plus individual storage units. The building was updated with a metal roof in 2021 for long-term durability. With market rents at $1,200/m per unit, the proforma CAP Rate is close to 8%. Please do not disturb tenants.

Additional Information

County
Sandoval
Subdivison
Rio Rancho Estates
Acres
0.46
Appliances
Dishwasher, Range Hood, Gas Range, Refrigerator
Cooling
Evaporative Cooling
Flooring
Carpet, Laminate, Tile
Tenant Pays
Electricity, Gas
Roof
Metal, Pitched
Utilities
Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Zoning
R-2

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Calculator source: Real Geeks

Listing courtesy of R & R Real Estate Partners LLC.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.