311 12th Street SW, Albuquerque, NM 87102

$584,000
3,477
SqFt
List Price
$584,000
MLS#
954336
Property Type
Multifamily
Sqft. of Residence
3,477
Lot Size
7,405
Region
Downtown Area
Status
PENDING
Estimated Age
81 - 99

Property Description

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%.

Additional Information

County
Bernalillo
Subdivison
Reynolds Add
Age
81 - 99
Acres
0.17
Approximate Taxes
2653.2
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional
Floor Number
6
Flooring
Tile, Vinyl, Wood
Garage Spaces
2
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Parking
2 or More Garages
Roof
Flat
Total
6
Total
1
Utilities
All City
Zoning
R-ML*

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.