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3444 Eastern Avenue SE

Albuquerque, NM 87106
  • $570,370
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 1057423
$570,370
  • 2
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,300
    SQFT
  • $248
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.

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IDX information © 2024 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: 2024-04-19T14:05:24.51.
www.trtnm.com/homes/147726293
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3444 Eastern Avenue SE Albuquerque, NM 87106

  • Price: $570,370
  • Status: Active
  • On Site: 60 Days
  • MLS #: 1057423
2
Beds
1
Baths
0
½ Baths
0.19
Acres
2,300
SQFT
$248
$/SQFT
1972
Built
Neighborhood:
Ronys Knob Heights
County:
Bernalillo
Area:
42 - UNM South
Property Description
All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 2300 Green Energy Generation None Gross Income 47310 Listing Agreement Exclusive Agency Listing Terms Cash Conventional FHA VALoan New Construction YN No Operating Expense 11662 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2095.52 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 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: 2024-04-19T14:05:24.51.
 
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The Team | Realty Executives Advantage
2440 Lousiana Blvd
Albuquerque NM, 87110