Share this with your friends
(505) 428-9547
Scarborough Realty Group
419 Monroe St Ne, Albuquerque, NM 87108
- $5,317,173
- List Price
- $5,317,173
- MLS#
- 1092700
- Property Type
- Multifamily
- Lot Size
- 53,578
- Region
- UNM
- Status
- PENDING
Property Description
CORE Asset Measures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8% And Value Add The property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%. This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw
/u.realgeeks.media/buysellnewmexico/Logo-min.png){kind=logo}
Additional Information
- County
- Bernalillo
- Subdivison
- Heights Reservoir Addition
- Acres
- 1.23
- Appliances
- Refrigerator
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Central
- Tenant Pays
- See Remarks
- Roof
- Flat
- Utilities
- Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Zoning
- R-MH*
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of Todd D Clarke from 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.