$1,955,736
1 Beds | 1 Baths | 17,600 sqft
924 Valencia Dr SE
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$1,955,736
PENDING
924 Valencia Dr SE, Albuquerque, NM 87108
1 Beds
1 Baths
17,600 SqFt
About This Home

Measures of invest performance at the ask price of $1,955,736 and average current rents of $828 per unit, per month, include a GRM of 9.84, 5.01% cap rate and an after tax internal rate of return of 18.5%.If rents are moved to 80% of area median income, and an average of $1,248, measures of investment performance improve to a cap rate of 9.35%, and a cash on cash of...

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Snapshot
  • Price:
  • $1,955,736
  • Bedrooms:
  • 1
  • Square Footage:
  • 17,600
  • Acreage:
  • 0.77
  • Year Built:
  • 2000
  • Listing ID #:
  • 1038616
  • Street Address:
  • 924 Valencia Dr SE
  • City:
  • Albuquerque
  • State:
  • NM
  • Postal Code:
  • 87108
  • County:
  • Bernalillo
  • Community:
  • 71 - Southeast Heights
  • Subdivision:
  • Virginia Place Addition
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
Snapshot data provided by NMALBUQ
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Source
Listing Provided By: Todd D Clarke with NM Apartment Advisors
Average Mortgage Rates in U.S.*
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OBMMI™ is powered by Powered By Optimal Blue
Last updated: 09/25/2023

*OPTIMAL BLUE MORTGAGE MARKET INDICES - Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide, OBMMI provides multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes and provides configurable trending of rates over time.

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*The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts. Source: Etta Home Search
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