14Total Units
3Buildings
~7,314 sfBuilding SF
$707/moAvg Rent
$118,800Annual Rent
Unit Mix
| Building | Unit Type | Qty |
|---|---|---|
| 6-Plex | 1 Bedroom | 2 |
| 2 Bedroom | 4 | |
| 8-Plex | 1 Bedroom | 8 |
| Total Units | 14 | |
Property Specifications
Address
705 Bursum, Socorro, NM
Total Units
14
Average Rent
$707/month
Building Size
~7,314 sq ft (all 3 buildings)
Number of Buildings
3 (6-Plex, 8-Plex + 1)
Site Size
0.24 acres
Financial Summary
| Annual Rents | $118,800.00 |
| Vacancy Loss 5% | ($5,940.00) |
| Gross Income | $118,799.95 |
| Total Expenses | ($23,233.60) |
| NOI | $95,566.35 |
| Cap Rate | 8.85% |
Listing Price
$1,080,000
Annual Rent
$118,800
Property Summary
Buildings3
Building Size~7,314 sq ft
Site Size0.24 acres
UPC001-087-0023
Legal DescriptionVal Verde Addition Lots 23–27
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Bathroom
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Shower