1069 Bonita Street, Grants, NM 87020
2|Townhouse
THB ฿134,861,192
USD $4,000,000
Published on: 12 Dec 2024
Last updated on: 16 Jan 2025
Property ID: 110096244988
Translate to English
Multi Family - Grants, NM
1069 Bonita Street, Grants, NM 87020
CORE AssetAt full occupancy, the measures of investment performance at the ask price of $4,000,000 and current average rents of $665 a month are a GRM of 10.67, a 5.69% cap rate, $85,106 per unit, $106.39/sf, and an after-tax internal rate of return is 14.70% July 2024 appraisal indicated a value of $4,000,000.And Value AddThe property is currently 26% below market rents and that does not take into account the potential to offer furnished units to the adjacent hospital. If the rents are raised to the market of $901, the metrics of investment performance improve to a cap rate of 8.47% and a cash on cash of 12.73%.With runway - page 6 of the flyer outlines the steps for taking the 40 unrenovated units through renovation to market rents, with a value after renovation of $5.1M
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Townhouse
Listing Status
Active
Land Size
11,493.08 m2
Building Size
3,785.98 m2
Year Built
1980
Rooms
2 bedroom(s)
Architecture Style
Other
Num Floors
2
County
Cibola
Parcel ID
2054063114349
Provider
Southwest MLS
Subdivision
Valencia
Brokerage Office Name
NM Apartment Advisors Inc.
Brokerage Office Phone
(505) 440-8633
Address
1069 Bonita Street, Grants, NM 87020
Contact Agent
Todd Clarke
Contact Agent
Contact Agent
Email enquiry to NM Apartment Advisors, Inc.
Todd Clarke
524 Central Ave. SW, Albuquerque, NM 87102
What's your enquiry about?
By clicking "Submit", you accept our Privacy Policy and acknowledge that as the agent for this property is located overseas, your information may not be handled in accordance with the privacy laws applicable to this website.
Property ID: 110096244988
Data provided by Southwest MLS, MLS #: 1075104
* THIS SERVICE MAY CONTAIN TRANSLATIONS POWERED BY GOOGLE. GOOGLE DISCLAIMS ALL WARRANTIES RELATED TO THE TRANSLATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, RELIABILITY, AND ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
2