Courtesy: NM Apartment Advisors, Inc.

For more information on this listing, please contact...

  • Price:

    • $2,272,500

  • Listing #:
    • 940537
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 26,954
  • # of Acres:
    • 1.84
  • Lot Size:
    • 79,998
  • Year Built:
    • 2006
  • Subdivision:
    • Sloans Acres Sub
  • Address:
    • NW Atrisco - 4201-4209 Drive
  • City:
  • County:
    • Bernalillo
  • Area:
    • 111 - Ladera Heights
  • State:
    • NM
  • Zip:
    • 87120

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Description

This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities.Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit - 3/2 + 2 car garage as well as a small onsite management office.Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%.Value in 3rd party management, charging for storage units & raising rents.
  • Units
    • Owner Occupant Unit:
      • - Yes
    • Total # Of Buildings:
      • - 8
    • # Of Units:
      • - 30.00
    • Unit Summary: Total Units:
      • - 30
    • # Of Unit Types (1): # Of Units:
      • - 1
    • # Of Unit Types (1): Style:
      • - Owners Unit+2 Car Ga
    • # Of Unit Types (1): Approx. Sqft:
      • - 1504
    • # Of Unit Types (1): # Of Bedrooms:
      • - 3
    • # Of Unit Types (1): # Baths:
      • - 2.00
    • # Of Unit Types (1): Market Rent:
      • - 984
    • # Of Unit Types (1): Actual Rent:
      • - $984.00
    • # Of Unit Types (1): Max Rent:
      • - 984
    • # Of Unit Types (2): # Of Units:
      • - 29
    • # Of Unit Types (2): Approx. Sqft:
      • - 850
    • # Of Unit Types (2): # Of Bedrooms:
      • - 2
    • # Of Unit Types (2): # Baths:
      • - 1.00
    • # Of Unit Types (2): Market Rent:
      • - 724
    • # Of Unit Types (2): Actual Rent:
      • - 695
    • # Of Unit Types (2): Max Rent:
      • - 725
  • Construction
    • Age:
      • - 10 - 15
    • Number Of Stories:
      • - 1
    • Stories:
      • - 1.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Huong Hanley
    • Flooring:
      • - Carpet
      • - Tile
      • - Vinyl
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - No
  • Lot
    • Multiple Lots:
      • - Three
    • Details:
      • - R-ml*
  • Rent
    • Tenant Pays:
      • - Other - See Remarks
    • Rental Info:
      • - Call Listing Broker
    • Unit Summary: Annualized:
      • - 253668.00
    • Unit Summary: Average Unit Size:
      • - 871.80
    • Unit Summary: Average Actual Rent:
      • - 704.63
    • Unit Summary: Total Actual Rent:
      • - 21139.00
    • Owner Pays:
      • - Other - See Remarks
  • Utilities
    • Utilities:
      • - Cable Connected
      • - Electricity Connected
      • - Natural Gas Connected
      • - Sewer Connected
      • - Water Connected
    • Heating:
      • - Central Forced Air
    • Cooling:
      • - Evaporative Cooling
  • Income & Expenses
    • Approx. Taxes:
      • - 5000.98
    • Tax Exemption:
      • - Unknown
  • Miscellaneous
    • Details:
      • - Wshr / Dryr Hu In Unit
    • Appliances Included:
      • - Refrigerator
    • Days On Market:
      • - 109
    • Finance Considered:
      • - Cash
      • - Conventional

For more information on this listing, please contact...