Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to privatAt the ask price of $958,266 and with an average rent of $859 (Up 8% from previous average of $795), the measures of investment performance include $119,783 per unit, $199.64 per square foot, a before reserves cap rates of 5.75%, and an after tax IRR of 11.60%.If rents are moved to market of $900, measure of investment performance improve to a cap rate of 6.39%.e courtyards with shade trees.
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1BEDS
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0.27ACRES
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1BATHS
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01/2 BATHS
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4,800SQFT
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$200$/SQFT
School Ratings & Info
Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to privatAt the ask price of $958,266 and with an average rent of $859 (Up 8% from previous average of $795), the measures of investment performance include $119,783 per unit, $199.64 per square foot, a before reserves cap rates of 5.75%, and an after tax IRR of 11.60%.If rents are moved to market of $900, measure of investment performance improve to a cap rate of 6.39%.e courtyards with shade trees.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2023-03-21T07:04:52.967.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2023 Southwest Multiple Listing Service, Inc.