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172 Monte Largo Drive NE

Albuquerque, NM 87123
  • $300,000
  • STATUS: Active
  • ON SITE: 9 days
  • MLS #: 993821
UPDATED: 13 min ago
$300,000
  • 2
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,862
    SQFT
  • $161
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2015
County:

School Ratings & Info

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%.

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IDX information © 2021 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: 2021-06-18T10:04:50.587.
www.metrohomesearch.com/homes/118009389
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172 Monte Largo Drive NE Albuquerque, NM 87123

  • Price: $300,000
  • Status: Active
  • Updated: 13 min ago
  • MLS #: 993821
2
Beds
0
Baths
0
½ Baths
0.22
Acres
1,862
SQFT
$161
$/SQFT
2015
Built
Neighborhood:
Los Cerros Subdivision
County:
Bernalillo
Area:
51 - Foothills South
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%.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Parking Total 4 Stories Total 1

Interior Features

Appliances Free-Standing Electric RangeRefrigerator Basement YN No Bathrooms Total Integer 1 Cooling Refrigerated2 Units Cooling YN Yes Electric None Flooring Tile Heating BaseboardDuctless Heating YN Yes Laundry Features Washer HookupDryer HookupElectric Dryer Hookup

Property Features

Additional Parcels YN Yes Builder Name Unkown Building Area Total 1862 Disclosures Ranm 2100 Disclosure Gross Income 20475 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 6404 Property Condition Resale Property Sub Type Duplex Property Sub Type Additional Duplex Tax Annual Amount 2794 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 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: 2021-06-18T10:04:50.587.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109