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GREYHOUND Apartments (30 Units)
Want a good investment; take a look at Greyhound Apartments, located at 400 North Ave K, Portales, New Mexico. Greyhound apartments are located just one block from Eastern New Mexico University. Units are all ground level, located in one triangular shaped lot. Ten units have metal carport parking. Apartment complex consists of 30 units. Six 1 bedroom units and twenty-one 2 bedroom units, 2 studio apartments, 1
SOLD
three bedroom unit. No pets are allowed.
Utilities: Total electric. Each unit has cook stove and refrigerator. Tenant is responsible for electricity and telephone. Cable is provided
Roof: Metal roofs on all units
Extras: Units have wind protection for storm doors and small outside storage
ESTIMATED ANNUAL EXPENSES:
2005
Taxes: $ 4,599.20
City Utilities:
Water: $ 9,913.00
Electric: $ 2,775.00
Cable TV: $ 3,240.00
AVERAGE INCOME SUMMARY:
30 UNITS @333.33 AVERAGED RENT = $ 9,999.90
ANNUAL INCOME = $119,998.80
This averaged rent is at the cost of the rent now.
Contact the
Associate Broker
Kercida Merrick at
505.760.5760
$975,000.00
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