1000 Meadowlark Ct SE - Apartments FOR SALE


Rio Rancho, NM 87124 | 
$605,352 USD
505-803-3775
1000 Meadowlark Ct SE, Rio Rancho, NM for Sale
$605,352 USD
Apartments - FOR SALE
1/25
null | 6% Cap Rate

1000 Meadowlark Ct SE
Rio Rancho, NM 87124


HIGHLIGHTS

  • 6.15% Cap Rate
  • 2 Bed / 1 Bath Floorplans w/ Washer / Dryers and Bonus Storage
  • 1981 Construction on a Corner Lot

OVERVIEW

NM Apartment Advisors Inc and Deacon Property Services are excited to bring to market a rare commodity - a very-well located Rio Rancho 4-plex. This 1981 built 2-story complex features four 2-Bedroom / 1 bath apartments with replaces and washer / dryers or wash er / dryer hook-ups. Downstairs units have large backyards. Units are separately metered for gas and electric. Beyond the great location close to the city's largest shopping center mecca, Intel, and Hwy 528, residents love the open kitchens / dining areas with updated appliances (including dishwashers), the easy off-street parking right near each apartment's entry, and the additional exterior storage. Apartments have been updated as units have turned over and boast different levels recent renovations. Apartment #2 is a just-updated ground floor / updated apartment with a big backyard and patio space - it has been left open for potential owner / occupants and easy showings. Don't miss this amazing opportunity to own a quality 4-plex in one of the ABQ Metro Area's highest demand rental areas and fastest growing submarkets.

FOR SALE DETAILS

PRICE

$605,352 USD

PRICE/SF

$177 USD /SF

# OF UNITS

4

PRICE/UNIT

$151,338

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1000 Meadowlark SE - Rio Rancho 4-plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,446 SF

ZONING

-

APN/PARCEL ID

1-014-068-115-294

ASK ABOUT THIS PROPERTY

Kyle DeaconDeacon Property ServicesMore Info
505-803-3775

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Kyle DeaconDeacon Property ServicesMore Info
505-803-3775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.