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    715 Fruit Avenue

    Albuquerque, NM 87102
    • $425,000
    • STATUS: Active
    • ON SITE: 645 days
    • MLS #: 932029
    UPDATED: 149 min ago
    $425,000
    • 2
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,565
      SQFT
    • $166
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Enhanced return due to increasing rents from $710, today they are at $785, representing a 10.56% increase.The property's is walking distance to the central business district and biking distance to downtown, old town and a couple dozen brew pubs, and specialty coffee shows. (Think of it as the epicenter for the three B's - bikes, brews, and beer).At the ask price of $425,000 and an average rent of $785 the measure of investment performance include a GRM of 11.28, a CAP rate of 5.23%, a price per unit of $106,250, a price per square foot of $159.77 a before tax IRR of 12.90%.If rents were raised to market of $833, the measure of investment performance improve to a cap rate of 6.36%.

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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: 2020-08-13T00:05:01.65.
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    715 Fruit Avenue Albuquerque, NM 87102

    • Price: $425,000
    • Status: Active
    • Updated: 149 min ago
    • MLS #: 932029
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,565
    SQFT
    $166
    $/SQFT
    1916
    Built
    Neighborhood:
    Armijo Bros Add
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Enhanced return due to increasing rents from $710, today they are at $785, representing a 10.56% increase.The property's is walking distance to the central business district and biking distance to downtown, old town and a couple dozen brew pubs, and specialty coffee shows. (Think of it as the epicenter for the three B's - bikes, brews, and beer).At the ask price of $425,000 and an average rent of $785 the measure of investment performance include a GRM of 11.28, a CAP rate of 5.23%, a price per unit of $106,250, a price per square foot of $159.77 a before tax IRR of 12.90%.If rents were raised to market of $833, the measure of investment performance improve to a cap rate of 6.36%.
    Exterior Features

    Construction Materials Frame Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling 2 Units Cooling YN Yes Electric None Electric On Property YN No Flooring Wood Heating Multiple Heating Units

    Property Features

    Builder Name Unknown Building Area Total 2565 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 35796 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 14485 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 3990 Tenant Pays OtherSee Remarks Utilities Municipal Utilities Zoning Description R-Ml*

    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