Highland Business, NM homes for sale & real estate

Highland Business, NM Homes for Sale

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%. This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within b

Highland Business, NM Homes for Sale

The current owner has prospective plans for 95 Multi-family units on the site, with surface parking. Your development could potentially have more units if you included structured parking or take advantage of the flexible zoning that includes a provision for UC-MS-PT, or Urban Centers, Main Street areas, and Premium Transit areas that allows for an additional density, parking reductions, building concept plans. The property is conveniently located directly in the heart of Albuquerque's most walkable neighborhood, full of restaurants, brew pubs, distilleries and boutique stores. The property is located 2 blocks of the Nob-Hill stop for the Albuquerque Rapid Transit, and has a walk score of 83