Michelle Smith - Coldwell Banker Legacy
225 Figueroa Street NE
Albuquerque, NM 87123

Description

UPDATE - a new roof was installed October 2018!Well located fourplex offered well below comparable sales.Located on a tree lined street in NE heights, this property's measurements of investment performance at the actual average rent of $556 and ask price of Located on a tree lined street in NE heights, this property's measurements of investment performance at the actual average rent of $556 and ask price of $220,032 include GRM of 8.25, Cap rate of 6.21%, cash on cash of 6.070%, and after tax IRR of 11.80%.If rents are raised to market of $687, MIP improve to Cap rate of 8.73% and 16.15% cash on cash.DND residents.New Price reflects results of bid process + new roof. Email or call LA if you have questions.

Details

MLS#919294
Sub-TypeResale
StatusActive
Year1987
Days On Site149

Features

Units4
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87123
Area50 - Northeast Heights
Listing VS Median (in 87123)
Price:
$220,032
low | high
Med:
$217,900
50.968949970913% of Average
On Site:
149
low | high
Med:
591
25.211505922166% of Average
Listing Updated: 10/17/2018
MLS Number: 919294
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.