172 Monte Largo Ne Drive, Albuquerque, NM 87123

$300,000
2
BD
1
BA
1,862
SqFt
List Price
$300,000
Price Change
▲ $270,000 1623178407
MLS#
993821
Status
ACTIVE
Number of Units
2
County
Bernalillo
City
Albuquerque
Subdivision
Los Cerros Subdivision
Bedrooms
2
Bathrooms
1
Living Area
1,862
Acres
0.22

Property Description

The recent construction community has the advantages of being in the heights - close proximity to the hundreds plus miles of waking/hiking trails, located just a couple blocks from the Tramway bicycle trail and less than a mile from the Tramway entrance to Interstate 40.At the ask price of $300,000, the measure of investment performance at current average rent of $875, include GRM of 14.29, 4.69% Cap rate after reserves, and an after tax IRR of 12.80%. If rents are raised to a market rent of $1,025, the measure of investment performance improve to include a cap rate of 5.63% and a cash on cash of 6.34%.

Additional Information

Days on Market
4
Year Built
2015
Stories
1
Cooling
Refrigerated, 2 Units
Heating
Baseboard, Ductless
Exterior Features
Landscaping
Parking Spaces
4

Mortgage Calculator

Amount of Loan
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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.