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    200 Madison & 204 Street NE

    Albuquerque, NM 87108
    • $853,050
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 978217
    UPDATED: 35 min ago
    $853,050
    • 2
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,978
      SQFT
    • $171
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    School Ratings & Info

    Description

    Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access.At the start price of $853,050 and an average rent of $968 the measure of investment performance include a GRM of 12.88, a CAP rate of 5.28%, a price per unit of $142,175, a price per square foot of $171.36 and an after-tax IRR of 14.40%. If rents are raised to the market average of $1,033, measures of investment performance improve to a GRM of 11.47, a Cap rate of 6.03% and a cash on cash of 7.25%.The owner is open to selling the triplexes separately, so l

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    IDX information © 2020 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: 2020-10-25T23:04:52.38.
    www.metrohomesearch.com/homes/110559381
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    200 Madison & 204 Street NE Albuquerque, NM 87108

    • Price: $853,050
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 978217
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    4,978
    SQFT
    $171
    $/SQFT
    1951
    Built
    Neighborhood:
    Heights Reservoir Addn
    County:
    Bernalillo
    Area:
    40 - UNM
    Property Description
    Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access.At the start price of $853,050 and an average rent of $968 the measure of investment performance include a GRM of 12.88, a CAP rate of 5.28%, a price per unit of $142,175, a price per square foot of $171.36 and an after-tax IRR of 14.40%. If rents are raised to the market average of $1,033, measures of investment performance improve to a GRM of 11.47, a Cap rate of 6.03% and a cash on cash of 7.25%.The owner is open to selling the triplexes separately, so l
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Electric None Electric On Property YN No Flooring Wood Heating CentralForced Air Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 4978 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 3011 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-T*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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: 2020-10-25T23:04:52.38.
     
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    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109