Description
Well located in Albuquerque North Valley's. Located at 4619 9th NW, this property has a good walk (52), bike (65), and transit (32) scores.Owned by the same family for four decades, this six plex has one studio, four one bedroom units, a two bedroom unit, laundry and swimming pool.Based on current increases the ask price of $445,000, and an average rent of $576, the measure of investment performance include a GRM of 9. 02, a CAP rate of 5.99%, a price per unit of $63,571, a price per square foot of $110.53 a before tax IRR of 18.10% and an after tax IRR of 14.60%.Although the property needs some work, the location can not be beat and it offers the converting some storage area into an additional unit.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
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5,080SQFT
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$88$/SQFT
School Ratings & Info
Description
Well located in Albuquerque North Valley's. Located at 4619 9th NW, this property has a good walk (52), bike (65), and transit (32) scores.Owned by the same family for four decades, this six plex has one studio, four one bedroom units, a two bedroom unit, laundry and swimming pool.Based on current increases the ask price of $445,000, and an average rent of $576, the measure of investment performance include a GRM of 9. 02, a CAP rate of 5.99%, a price per unit of $63,571, a price per square foot of $110.53 a before tax IRR of 18.10% and an after tax IRR of 14.60%.Although the property needs some work, the location can not be beat and it offers the converting some storage area into an additional unit.
IDX information © 2021 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 Bigelow Team | Red Fox Realty. Data last updated: 2021-01-25T00:04:50.803.
Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.