652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes. Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.
Sold on 08/05/24
Price Unknown
652 Vancouver Rd SE, Rio Rancho, NM 87124
2beds
1baths
2,700sqft
Quadruplex, Multi Family
Built in 1997
-- sqft lot
$570,800 Zestimate®
$--/sqft
$1,441 Estimated rent
Home value
$570,800
$514,000 - $634,000
$1,441/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 05, 2024 at 04:51pm
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Bought with:
Nonmls Nonmls
Non Member of SWMLS
Source: SWMLS,MLS#: 1043244
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Parking
- Total spaces: 6
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.34 Acres
Details
- Has additional parcels: Yes
- Parcel number: 1009069319071
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1997
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Rio Rancho
- Subdivision: LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: AA LOT: 7B UNIT: 11
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2024 | Sold | -- |
Source:  SWMLS #1043244 | ||
| 6/8/2024 | Pending sale | $612,500$227/sqft |
Source: SWMLS #1043244 | ||
| 3/28/2024 | Price change | $612,500+2.9%$227/sqft |
Source: SWMLS #1043244 | ||
| 10/16/2023 | Listed for sale | $595,000+70%$220/sqft |
Source: SWMLS #1043244 | ||
| 8/31/2022 | Sold | -- |
Source: SWMLS #1020590 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,026 +108.4% | $144,040 +115.2% |
| 2024 | $2,412 +2.6% | $66,930 +3% |
| 2023 | $2,350 -1.1% | $64,981 |
Find assessor info on the county website
Neighborhood: 87124
Nearby schools
GreatSchools rating
- 5/10Puesta Del Sol Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Eagle Ridge Middle SchoolGrades: 6-8Distance: 3.4 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 3.8 mi
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Estimated market value
$570,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$570,800