Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
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1BEDS
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0.27ACRES
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1BATHS
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01/2 BATHS
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4,800SQFT
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$198$/SQFT
School Ratings & Info
Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
IDX information © 2022 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: 2022-09-28T05:04:47.843.
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Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2022 Southwest Multiple Listing Service, Inc.