3444 Eastern Avenue SE, Albuquerque, NM 87106

$570,370
2
BD
1
BA
2,300
SqFt
List Price
$570,370
MLS#
1057423
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Sqft. of Residence
2,300
Lot Size
8,276
Region
UNM South
Status
ACTIVE

Property Description

All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.

Additional Information

County
Bernalillo
Subdivison
Ronys Knob Heights
Acres
0.19
Exterior Features
Landscaping
Appliances
Refrigerator
Construction
Frame
Cooling
Evaporative Cooling
Flooring
Vinyl
Heating
Wall Furnace
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-MH*

Mortgage Calculator

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Calculator source: Real Geeks

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.