3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106
- $2,445,000
- 2
- BD
- 1
- BA
- 21,420
- SqFt
- List Price
- $2,445,000
- MLS#
- 1013743
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft. of Residence
- 21,420
- Lot Size
- 6,098
- Region
- UNM South
- Status
- PENDING
Property Description
8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,445,000 and with an average rent of $723, the measures of investment performance include $87,123 per unit, $114.15 per square foot, a before reserves cap rates of 6.10%, and an after tax IRR of 13.60%.If rents are moved to market of $1,050, measure of investment performance improve to a cap rate of 10.02%.
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Additional Information
- County
- Bernalillo
- Subdivison
- Knob Heights
- Acres
- 0.14
- Exterior Features
- Landscaping
- Construction
- Frame
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Vinyl
- Heating
- Central, Forced Air
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Zoning
- R-MH*
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Listing courtesy of NM Apartment Advisors, Inc..
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.