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Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes in Q1-2022 appreciated an additional 12%?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.126 Rhode Island SE has slightly lower income (average rents of $669) and at the ask price of $326,031 the measures of investment performance include a GRM of 10.16, a before reserves cap rate of 5.87% and an after tax IRR of 15.40%. If rents are raised to the market of $875, the measures of investment performance improve to a cap rate of 7.99%
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 31st March, 2023 4:09 PM (UTC)
Listing Office: NM Apartment Advisors, Inc.