Southwest Real Estate
Listed by Southwest Real Estate
$491,000
Greenfield Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,780
Units 4
Price per SqFt $130
Year Built 2024
Stories 1
Lot Size (SqFt) 8,337.5 - 13,429
Zoning multi-family
Parking Spaces 8
Multifamily | 4 Units
Marketing description
Introducing a Unique Ownership Opportunity – Brand New 4-Plex Available for Purchase! Embrace the chance to own a brand new 4-plex. Each 4-plex unit offers a 2-bedroom, 2-bathroom layout. Each unit will come fully equipped with brand new kitchen appliances as well as a washer and dryer. Located just 3 blocks from Eastern New Mexico University, this property presents a good investment for those looking to cater to the student community. It is also a convenient location for the Cannon Air Force Base.What sets this property apart is its construction features designed for energy efficiency and durability. Additionally, every unit comes with a fenced backyard, offering a private outdoor space for relaxation, gatherings, or personal enjoyment.
Investment highlights
Seize the opportunity with the upcoming completion of Greenfield Apartments in July 2024, projected to boost rents to $1,000 per month per unit. A single 4-plex could generate a robust gross income of $48,000 annually. Imagine the potential if you acquired all 4-plexes – a staggering $192,000 yearly income! With a strong gross ROI of 9.78%, these properties promise substantial returns. Factor in expenses like repairs, property management, taxes, and insurance, etc and you still achieve an impressive annual yield of 6.53%. Act now to secure your investment in this thriving market!
Listing Contacts
Southwest Real Estate
Listed by Southwest Real Estate
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