1069 Bonita Street Grants, NM 87020
Single Family Attached
MLS #: 1075104
Courtesy Of NM Apartment Advisors Inc.
Property InformationDescription
CORE AssetAt full occupancy, the measures of investment performance at the ask price of $4,000,000 and current average rents of $665 a month are a GRM of 10.67, a 5.69% cap rate, $85,106 per unit, $106.39/sf, and an after-tax internal rate of return is 14.70% July 2024 appraisal indicated a value of $4,000,000.And Value AddThe property is currently 26% below market rents and that does not take into account the potential to offer furnished units to the adjacent hospital. If the rents are raised to the market of $901, the metrics of investment performance improve to a cap rate of 8.47% and a cash on cash of 12.73%.With runway - page 6 of the flyer outlines the steps for taking the 40 unrenovated units through renovation to market rents, with a value after renovation of $5.1M
Features
- Age: 41-50 Years Old
- Amenities: Dock
- Appliances: Refrigerator
- Architecture Style: Other
- Cooling System: Evaporative
- Exterior Type: Stucco
- Floor Covering: Carpet, Tile
- Heating System: Central Furnace
- Lot Size: 2.84 Acres
MAP & DIRECTIONS
School Information
1069 Bonita Street, Grants, NM 87020
Elementary School
Grades PK-6 |
Public School
MOUNT TAYLOR ELEMENTARY SCHOOL
Grants, NM 87020
1607 Del Norte
505.285.2740
Distance: 0.4 mi
School Rating
C+
Student:Teacher Ratio
12:1
Total Students
427
Middle School
Grades 7-8 |
Public School
LOS ALAMITOS MIDDLE SCHOOL
Grants, NM 87020
1100 Mount Taylor Ave
505.285.2683
Distance: 0.7 mi
School Rating
C-
Student:Teacher Ratio
14:1
Total Students
445
High School
Grades 9-12 |
Public School
GRANTS HIGH SCHOOL
Grants, NM 87020
500 Mountain Rd
505.285.2651
Distance: 1.0 mi
School Rating
C
Student:Teacher Ratio
14:1
Total Students
825
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Gccs Early College High School | 0.7 mi | Public | 9-12 | |
| Mesa View Elementary School | 1.0 mi | Public | PK-6 | C+ |
| St Teresa Of Avila Catholic School | 1.3 mi | Private | PK-8 | |
| Milan Elementary School | 3.9 mi | Public | PK-6 | B+ |
| San Rafael Elementary School | 4.6 mi | Public | KG-6 | C |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Grants, NM 87020
| Median Age: | 39.3 |
|---|---|
| Married: | 44% |
| Number of Households: | 5,156 |
| Households with Children: | 33% |
Grants, NM 87020
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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