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    524 12th Street NW

    Albuquerque, NM 87102
    • $340,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 996361
    UPDATED: 33 min ago
    $340,000
    • 1
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,928
      SQFT
    • $116
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Downtown Triplex with mixed use zoning - 6.54% cap rate, proforma 7.84%.This property contains a medium sized one bedroom one bath, a vacant ready for owner-occupant large one bedroom one bath with basement as well as a leased two bedroom one bath unit.Measures of investment performance at ask price of $340,000 with a current average rent of $908 are a GRM of 10.94, a 6.54% cap rate before reserves, 6.32% cap rate after reserves, 17.80% after tax IRR, $113,333 per unit, and a price per sf of $116.12.If all of the unit rents are raised to the market of $1,042, the measure of investment performance improve to a cap rate of 7.84%, and a cash on cash of 15.28%.

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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: 2021-07-26T22:04:48.583.
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    524 12th Street NW Albuquerque, NM 87102

    • Price: $340,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 996361
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,928
    SQFT
    $116
    $/SQFT
    1926
    Built
    Neighborhood:
    Perea Additon
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Downtown Triplex with mixed use zoning - 6.54% cap rate, proforma 7.84%.This property contains a medium sized one bedroom one bath, a vacant ready for owner-occupant large one bedroom one bath with basement as well as a leased two bedroom one bath unit.Measures of investment performance at ask price of $340,000 with a current average rent of $908 are a GRM of 10.94, a 6.54% cap rate before reserves, 6.32% cap rate after reserves, 17.80% after tax IRR, $113,333 per unit, and a price per sf of $116.12.If all of the unit rents are raised to the market of $1,042, the measure of investment performance improve to a cap rate of 7.84%, and a cash on cash of 15.28%.
    Exterior Features

    Construction Materials Frame Levels One Parking Total 3 Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN Yes Bathrooms Total Integer 1 Cooling Evaporative CoolingWindow Unit(S) Cooling YN Yes Electric None Flooring TileVinylWood Heating CentralForced Air Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 2928 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 31065 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 9593 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 9016 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

    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: 2021-07-26T22:04:48.583.
     
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    Campbell & Campbell Real Estate Services
    5716 Osuna Rd NE
    Albuquerque NM, 87109