530 Tennessee ST NE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,184 sqft
Price per Sqft $113
Subdivision Mesa Verde Addition
MLS Listing ID 1088162
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1985
Annual Tax Amount $7,066
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. With an ask price of the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.Although each fourplex is on it's own lot, the owner has a strong preference to sell both buildings together at the same time.Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.
Location
State NM
County Bernalillo
Area 70 - Fairgrounds
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101905736137010331
Acceptable Financing Cash,Conventional
Green/Energy Cert None
Listing Terms Cash,Conventional