7Total Units
2Buildings
~5,500 sfBuilding SF
$900/moAvg Rent
$75,600Annual Rent
Unit Mix
| Building | Unit Type | Qty |
|---|---|---|
| Buildings 1 & 2 | 2 Bedroom | 7 |
| Total Units | 7 | |
All 7 units are 2-bedroom — highest average rent in the portfolio at $900/mo.
Property Specifications
Address
415 School of Mines, Socorro, NM
Total Units
7
Unit Type
All 2-Bedroom
Average Rent
$900/month
Number of Buildings
2
Building Size
~5,500 sq ft (both buildings)
Site Size
0.33 acres
Financial Summary
| Annual Rents | $75,600.00 |
| Vacancy Loss 3% | ($2,268.00) |
| Gross Income | $75,599.97 |
| Total Expenses | ($23,171.38) |
| NOI | $52,428.59 |
| Cap Rate | 9.45% |
Listing Price
$555,000
Annual Rent
$75,600
Property Summary
Buildings2
Building Size~5,500 sq ft
Site Size0.33 acres
UPC001-300-0023
Legal DescriptionSocorro Grant Sect. 16 0.33 AC
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