BEDS1
BATHS
SQUARE FEET33,000
MLS#1092700
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHeights Reservoir addition
Property Description
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents 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 $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.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 between two major transit corridors
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 1.23 Acres
Stories: 2.0
Taxes: $22,224
Year Built: 1960
Amenities
Landscaping
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Days on Site: 146
Exterior: Block, Frame, Stucco
Flooring: Carpet, Tile, Vinyl
Parcel#: 101705738541812504
Units: 50
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agent Name: Blanca N Martinez
Agent Phone: (575) 921-8945
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 15,236.57 per month $11,833.72 Principal & Interest $1,852.00 Property Tax $1,550.84 Homeowner's Insurance
419 Monroe Street Ne | MLS# 1092700
This multi-family property located at 419 Monroe Street Ne, Albuquerque, NM 87108 is currently listed for sale with an asking price of $5,317,173. Search Albuquerque real estate on bmartinez.cblegacy.com today.