1069 Bonita St Grants, NM 87020
Property details
About 1069 Bonita St
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
Highlights
Summary
- MLS Number: 1075104
- MLS Name: SWMLS
- Office Name: NM Apartment Advisors, Inc.
- Office Phone: (505) 440-8633
- Office Email: tclarke@nmapartment.com
- Listing Agent: Todd D Clarke
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2025, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,000,000
1069 Bonita St
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $317,931 | $10,629 |
| 2022 | $308,671 | $10,686 |
| 2021 | $308,949 | $10,686 |
| 2020 | $390,285 | $13,277 |
| 2019 | $389,686 | $12,701 |
| 2018 | $389,686 | $14,098 |
| 2017 | $378,337 | $14,278 |
History based on county public records data.
Nearby schools
5
Mount Taylor Elementary School
Public District PK-6
0.4 mi
•1607 Del Norte
5
Mesa View Elementary School
Public District PK-6
1.0 mi
•400 Washington Ave
7
Milan Elementary School
Public District PK-6
3.9 mi
•404 Sand
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,423. The majority of Grants, NM residents have income less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Sonic
Little Caesars
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Oldies- Contemporary Inspirational
Country
This home is located at 1069 Bonita St in Grants, NM and zip code 87020. This 40,752 square foot home, which was built in 1980, sits on a 2.84 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $4,000,000.
Grants, NM housing market in March 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. The number of homes for sale in Grants, NM increased by 50% between February and March 2025. In March 2025 median list price was $208,950 and the average listing age was 126 days.