NM Apartment Advisors is very excited to bring to market this six plex with garages is located in between Downtown Albuquerque and the Country Area at 311 12th SW, this property has a high walk (79), bike (83), and transit (50) scores. The property's is walking distance to the central business district, the Country Club Area, and Old Town Albuquerque. At the ask price of $584,000 and an average rent of $659, the measure of investment performance include a GRM of 12.31, a CAP rate of 5.25%, a price per unit of $97,333, a price per square foot of $167.96 and a before tax IRR of 14.90%. If rents were raised to market of $778, the measure of investment performance improve to a cap rate of 6.47%.
Listing courtesy of NM Apartment Advisors, Inc..
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