312 Geraldine Rd SE, Rio Rancho, NM 87124

Well-maintained 4-plex in quiet neighborhood near shopping, transportation, schools, medical/dental, theater and restaurants. All units remodeled in last year, newer stoves and refrigerators and roof overlay 1 year ago. No Polybutylene, all units replaced with PEX from water meter. Each apartment has 4' x 8' storage unit, covered parking for 1 vehicle and additional parking for 2+ vehicles. Property is in an easy-to-rent area of Rio Rancho and all units are currently leased with excellent payment history. Current actual rent is $40,800 annually, cap rate of 6.97% at asking price.