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Address
507 Vancouver Road SE Rio Rancho, NM
Price
$ 235,000
Property Attributes
  • MLS#932335
  • TypeMulti-Family
  • CountySANDOVAL
  • CityRio Rancho
  • AreaRio Rancho MiD
  • NeighborhoodRio Rancho Estates
  • Zip87124
  • StyleFour Plex
  • Year Built1985
  • Taxes2368
  • Price$ 235,000
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3200
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Keller Williams Realty
Property Description

This excellent fourplex is located near restaurants, Wal-Mart, financial institutions, medical, automotive as well as numerous other businesses. Rio Rancho has grown over 14% between 2010 - 2016 and the need for rental units is great. Rio Rancho has a shortage of rentals and is why these units are nearly always full. This is a great investment opportunity for a seasoned investor, or someone just getting started with a 7% CAP rate and a value-add upside. The owners of this property are represented by Mark Rickert of Rickert Property Group - Keller Williams Realty, bringing three generations of experience in sales and marketing of apartment buildings, and mobile home parks in New Mexico, Florida and California. Please do not disturb tenants or walk the grounds. Thank you.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/15/2018 Listed $235,000

General Features

Age 31 - 40
Amenities Laundry Community, Outside Lights, Tenant Storage
Area 150 - Rio Rancho MiD
Builder Unknown
Construction Frame
Days on Market 20
Finance Considered Cash, Conventional
Legal Description LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 32 UNIT: 11
Number of Units 4.00
Property SubType Four Plex
Property Type C
Rental Info Call Listing Broker, Rental History Avail
Stories 1.0
Subdivision Rio Rancho Estates
Tenant Pays Electric, Gas
Year Built 1985
Zoning R-2

Interior Features

5+ Units No
Appliances Included Blt-In Gas Stve/Oven, Dishwasher, Dryer H/U, Microwave, Refrigerator, Washer H/U
Basement No
Cooling Ceiling Fans(s), Central, Evaporative
Flooring Carpet, Laminate, Tile
Heating Central Forced Air, Gas
Utilities All City, Community Water, Electric, Natural Gas

Exterior Features

Acres 0.34
Disability Access Unknown
Exterior Material Stucco
Metering Individual Electric, Individual Gas, Laundry Separate
Number of Parking Spaces 2.00
Parking 2+Spaces Per Unit, Paved Lot
Roof Shingle

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87124

Price
AVG $330K
$240K
Taxes
AVG $3,982
$2,368
Visits
AVG 73
17
Year Built
AVG 1997
1985

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