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121 General Arnold Street NE

Albuquerque, NM 87123
  • $515,000
  • STATUS: Active
  • ON SITE: 230 Days
  • MLS #: 1040970
UPDATED: 190 min ago
$515,000
  • 2
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 4,136
    SQFT
  • $125
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2024-04-22T20:38:57.57.
www.metrohomesearch.com/homes/143071630
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121 General Arnold Street NE Albuquerque, NM 87123

  • Price: $515,000
  • Status: Active
  • On Site: 230 Days
  • Updated: 190 min ago
  • MLS #: 1040970
2
Beds
1
Baths
0
½ Baths
0.17
Acres
4,136
SQFT
$125
$/SQFT
1980
Built
Neighborhood:
Waggonman Denision Addition
County:
Bernalillo
Area:
50 - Northeast Heights
Property Description
Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Carpet Tile Heating Central Forced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 4136 Green Energy Generation None Gross Income 40071 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Operating Expense 21481 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 4065.36 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected Zoning Description MX- M*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2024-04-22T20:38:57.57.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109