610 Jefferson Ne Street, Albuquerque, NM 87110

$399,000
2
BD
2
BA
2,225
SqFt
List Price
$399,000
MLS#
979464
Status
ACTIVE
Number of Units
3
County
Bernalillo
City
Albuquerque
Subdivision
New Year Add Brooms Sub
Bedrooms
2
Bathrooms
2
Living Area
2,225
Acres
0.16

Property Description

Tucked in a high appreciation, neighborhood of mostly single-family homes built in 1940-50's. The property, located at 610 Jefferson NE, includes front hour and a rear duplex that was built in 2017.A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates given how highly sought after the area is by many residents.Measurements of investment performance based on actual average rents of $900 per unit, 5.21% CAP rate, 18.50% before tax IRR, and 14.90% after tax IRR. Based on a market rent of $1,007 per unit the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.The location has a high walk (78), Bike (83), and transit (40) score.

Additional Information

Days on Market
37
Year Built
2017
Stories
1
Cooling
Evaporative Cooling
Heating
Central, Forced Air
Exterior Features
Privacy Wall
Parking Spaces
3

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

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