Albuquerque, NM 87108
The owner has made major improvements to the property and with the assistance of the management company repositioned it for the next investors to take advantage of upcoming rent increases and utility billback. The property contains a fourplex and triplex building. The triplex building contains a 2nd level residence – that is an incredible large and elegant single family residence of 1,300 sf. Gleaming hardwood floors, new mini-split HVAC systems, upgraded windows, and overhaul of the landscaping is just a small indication of the over $121,000 of work this owner has performed. With an average rent of $816, and at the list price of $708,022 the measures of investment performance include $101,146 per unit, $135.64 per square foot, a before reserves cap rates of 5.99%, and after tax
Listing Office: NM Apartment Advisors, Inc.
Last Updated: November - 23 - 2021
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