1515 8 th Street, Albuquerque, NM 87102

$732,707
8,640
SqFt
List Price
$732,707
Price Change
▲ $83,207 1544156549
MLS#
933520
Property Type
Multifamily
Sqft. of Residence
8,640
Lot Size
4,791
Region
Downtown Area
Status
ACTIVE
Estimated Age
41 - 50

Property Description

NM Apartment Advisors is very excited to bring to market twelve-plex at 1515 8th NW, located in Downtown Albuquerque, this property has a high walk (65), bike (76), and transit (57) scores.The property's is walking distance Albuquerque's museum corridor, Tiguex Park and Old town and biking distance to the central business district.At the ask price of $732,707 and an average rent of $593, the measure of investment performance include a GRM of 8.59, a CAP rate of 6.25%, a price per unit of $61,059 a price per square foot of $84.80 a before tax IRR of 23.40% and an after tax IRR of 19.50%.If rents were raised to market of $643, the measure of investment performance improve to a cap rate of 7.40%. These townhouse style units are all two bedrooms and one bathroom that includes w

Additional Information

County
Bernalillo
Subdivison
Albright Moore Add
Age
41 - 50
Acres
0.11
Approximate Taxes
1494.52
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Conventional
Floor Number
12
Flooring
Carpet, Tile, Wood
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
12
Total
1
Utilities
All City
Zoning
R-1A*

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Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.