BEDS1
BATHS
SQUARE FEET33,000
MLS#1092700
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHeights Reservoir addition
Property Description
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 1.23 Acres
Stories: 2.0
Taxes: $22,224
Year Built: 1960
Amenities
Landscaping
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Days on Site: 255
Exterior: Block, Frame, Stucco
Flooring: Carpet, Tile, Vinyl
Parcel#: 101705738541812504
Units: 50
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agent Name: Lanya Androlewicz
Agent Phone: (505) 280-2380
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 15,236.57 per month $11,833.72 Principal & Interest $1,852.00 Property Tax $1,550.84 Homeowner's Insurance
419 Monroe Street Ne | MLS# 1092700
This multi-family property located at 419 Monroe Street Ne, Albuquerque, NM 87108 is currently listed for sale with an asking price of $5,317,173. Search Albuquerque real estate on lanya.cblegacy.com today.