Highly coveted, and hard to find, NM Apartment Advisors is proud to bring to market a Pickard triplex located at 2841 Palo Verde NEThe Pickard Triplexes are named for developer and family friend, Grif Pickard, who developed a series of high end owner occupant style triplexes along the foothills. This high end NE heights location combined with owneroccupant style floorplans and 2 car garage make this equally attractive for an owner occupant or a sophisticated investor.At the ask price of $487,500, the measure of investment performance at current average rent of $1,050*, include GRM of 12.90, 5.04% Cap rate after reserves, and an after tax IRR of 17.70%. (* based on a rent increase effective July 1st, 2021).
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.