Homes for sale - 530 Tennessee ST NE, Albuquerque, NM 87108

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Susan Blackwell

susiehomefinder@gmail.com +1(505) 400-0091

Listed by NM Apartment Advisors, Inc.

$ 816,000

Est. payment | -/mo

2 Beds

1 Bath

7,184 SqFt

Save

$ 816,000

Est. payment | -/mo

Save

2 Beds

1 Bath

7,184 SqFt

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

GET MORE INFORMATION

Susan Blackwell

Broker-Owner | Lic# 19305

susiehomefinder@gmail.com

+1(505) 400-0091

8100 Wyoming Blvd NE Suite M4 PMB 239 Albuquerque NM, 87113

530 Tennessee ST NE Albuquerque, NM 87108

Susan Blackwell

Key Details

Location

Interior

Exterior

Building

Others

530 Tennessee ST NE