Multifamily
Riverwood
506 W Orchard Ln, Carlsbad, NM 88220
Listing Price: $5,500,000
Cap Rate
8.11%
Number of Units
50
GRM
6.08
Occupancy
80.0%
Price/Unit
$110,000
Price/Gross SF
$113.40
Gross SF
48,500
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Riverwood, a 50-unit apartment community in Carlsbad, NM.
Listing Price: $5,500,000
Cap Rate
8.11%
Number of Units
50
GRM
6.08
Occupancy
80.0%
Price/Unit
$110,000
Price/Gross SF
$113.40
Gross SF
48,500
Investment Highlights
- Implement Interior Unit Upgrade Program
- Initiate Property Wide Cable and Internet Service
- Introduce Furnished Laundry Appliance Fee
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Riverwood, a 50-unit apartment community in Carlsbad, NM.
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