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    2713 Wyoming Boulevard NE

    Albuquerque, NM 87111
    • $3,697,880
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 969536
    UPDATED: 126 min ago
    $3,697,880
    • 1
      BEDS
    • 1.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,382
      SQFT
    • $135
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    Located walking distance to Sandia High School, and a short drive to all the retail experiences that Uptown offers.This is a core asset with stabilized cash flow, attractive renovations, with a solid platform provided for the next owner to enhance their income position.CORE AssetMeasures of investment performance at a price of $3,697,880 and current average rent of $744/month are a GRM of 11.50, a 5.75% cap rate, $102,719 per unit, $141/sf, and a cash on cash return of 10.26%. The after tax internal rate of return is 14.10%Value AddIf the remaining 25% of the units are renovated, the potential annual rent for the coming year increases by $10,980 which at a 5.75% cap rate adds $190,956 in value. If all rents are raised to the property's market rate, the Cap rate improves

    Monthly Payment Calculator



    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: 2020-08-13T00:05:01.65.
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    2713 Wyoming Boulevard NE Albuquerque, NM 87111

    • Price: $3,697,880
    • Status: Active
    • Updated: 126 min ago
    • MLS #: 969536
    1
    Beds
    0
    Baths
    0
    ½ Baths
    1.06
    Acres
    27,382
    SQFT
    $135
    $/SQFT
    1960
    Built
    Neighborhood:
    Manzana Manor
    County:
    Bernalillo
    Area:
    41 - Uptown
    Property Description
    Located walking distance to Sandia High School, and a short drive to all the retail experiences that Uptown offers.This is a core asset with stabilized cash flow, attractive renovations, with a solid platform provided for the next owner to enhance their income position.CORE AssetMeasures of investment performance at a price of $3,697,880 and current average rent of $744/month are a GRM of 11.50, a 5.75% cap rate, $102,719 per unit, $141/sf, and a cash on cash return of 10.26%. The after tax internal rate of return is 14.10%Value AddIf the remaining 25% of the units are renovated, the potential annual rent for the coming year increases by $10,980 which at a 5.75% cap rate adds $190,956 in value. If all rents are raised to the property's market rate, the Cap rate improves
    Exterior Features

    Construction Materials BrickFrame Exterior Features BalconyDeckLandscaping Patio And Porch Features BalconyDeck Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling OtherSee Remarks Electric None Electric On Property YN No Flooring Vinyl Heating OtherSee Remarks Laundry Features Common Area

    Property Features

    Builder Name Unknown Building Area Total 27382 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 16282 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

    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: 2020-08-13T00:05:01.65.
     
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    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109