311 12th Street

    Albuquerque, NM 87102
    • $584,000
    • STATUS: Active
    • ON SITE: 239 days
    • MLS #: 932847
    UPDATED: 35 min ago
    $584,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    NM Apartment Advisors is very excited to bring to market this six plex with garages is located in between Downtown Albuquerque and the Country Area at 311 12th SW, this property has a high walk (79), bike (83), and transit (50) scores.The property's is walking distance to the central business district, the Country Club Area, and Old Town Albuquerque.At the ask price of $584,000 and an average rent of $659, the measure of investment performance include a GRM of 12.31, a CAP rate of 5.25%, a price per unit of $97,333, a price per square foot of $167.96 and a before tax IRR of 14.90%.If rents were raised to market of $778, the measure of investment performance improve to a cap rate of 6.47%.

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    IDX information © 2019 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: 2019-07-18T15:05:25.59.
    www.metrohomesearch.com/homes/89568337

    311 12th Street Albuquerque, NM 87102

    • Price: $584,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 932847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1946
    Built
    Neighborhood:
    Reynolds Add
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    NM Apartment Advisors is very excited to bring to market this six plex with garages is located in between Downtown Albuquerque and the Country Area at 311 12th SW, this property has a high walk (79), bike (83), and transit (50) scores.The property's is walking distance to the central business district, the Country Club Area, and Old Town Albuquerque.At the ask price of $584,000 and an average rent of $659, the measure of investment performance include a GRM of 12.31, a CAP rate of 5.25%, a price per unit of $97,333, a price per square foot of $167.96 and a before tax IRR of 14.90%.If rents were raised to market of $778, the measure of investment performance improve to a cap rate of 6.47%.
    Exterior Features

    Construction Frame Exterior Material Stucco Parking 2 Or More Garages Parking Spaces 2.00 Roof Flat Stories 2 Total Buildings 1 Total Stories In Building 2.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 579.50 Basement No Cooling 2+ UnitsEvaporative Cooling Flooring TileVinylWood Heating 2+ UnitsGas Unit Type1 Approx Sq Ft 600 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 1 Unit Type1 Style 311A Unit Type2 Approx Sq Ft 672 Unit Type2 Baths 1.00 Unit Type2 Bedrooms 2 Unit Type2 Style 311C Unit Type3 Approx Sq Ft 543 Unit Type3 Baths 1.00 Unit Type3 Bedrooms 1 Unit Type3 Style 313 & 315 Unit Type4 Approx Sq Ft 494 Unit Type4 Baths 1.00 Unit Type4 Bedrooms 1 Unit Type4 Style 317 Unit Type5 Approx Sq Ft 625 Unit Type5 Baths 1.00 Unit Type5 Bedrooms 2 Unit Type5 Style 319

    Property Features

    5 Plus Units Yes Age 81 - 99 Amenities Some Landscaping Apx Taxes 2533.58 Average Actual Rent 657.50 Bank Owned No Builder Unknown Disability Access Unknown Finance Considered CashConventional Lead Base Paint Yes Lot Size Source On-Line Multiple Lots Two Owner Occupant Unit Yes Owner Pays Other - See Remarks Property Sub Type 6 Units Rental Info Other - See Remarks Source Actual RecordBroker ProvidedOwner Provided Tax Exemption No Tenant Pays Other - See Remarks Total Actual Rent 3945.00 Total Units 6 Trade Exchange Considered No Unit Summary Annualized 47340.00 Unit Type1 Actual Rent 575 Unit Type1 Market Rent 705 Unit Type1 Max Rent 575 Unit Type1 Num Units 1 Unit Type2 Actual Rent 850 Unit Type2 Market Rent 925 Unit Type2 Max Rent 850 Unit Type2 Num Units 1 Unit Type3 Actual Rent 575 Unit Type3 Market Rent 705 Unit Type3 Max Rent 575 Unit Type3 Num Units 2 Unit Type4 Actual Rent 575 Unit Type4 Market Rent 705 Unit Type4 Max Rent 575 Unit Type4 Num Units 1 Unit Type5 Actual Rent 795 Unit Type5 Market Rent 925 Unit Type5 Max Rent 795 Unit Type5 Num Units 1 Units For Sale 6 Utilities All City Zoning R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 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: 2019-07-18T15:05:25.59.
     
    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109