225 Figueroa Street NE
Albuquerque, NM 87123

Description

Well located fourplex offered well below comparable sales.Located on a tree lined street in NE heights, this property's measurements of investment performance at the actual average rent of $556 and ask price of $185,204 include GRM of 6.95, Cap rate of 7.90%, cash on cash of 10.70%, and after tax IRR of 14.70%.If rents are raised to market of $687, MIP improve to Cap rate of 10.9% and 22.70% cash on cash.DND residents.Property is being marketed using the BID process - email LA for details.Property tour is noon June 13th, 2018 - RSVP required email LA for linkOffer deadline is 5pm Tuesday, June 19th, 2018.

Details

MLS#919294
Sub-TypeResale
StatusActive
Year1987
Days On Site30

Features

Units4
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87123
Area50 - Northeast Heights
Listing VS Median (in 87123)
Price:
$185,204
low | high
Med:
$227,950
26.919504978294% of Average
On Site:
30
low | high
Med:
263.5
11.385199240987% of Average
Listing Updated: 06/20/2018
MLS Number: 919294
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.