This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units. CORE AssetMeasures of investment performance at the ask price of $2,661,159 and current average rents of $792 a month are a GRM of 10.77, a 6.62% cap rate, $102,352 per unit, $204/sf, and an after tax internal rate of return is 13.20%And Value AddThe property is currently 24% 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 $1,023, the metrics of investment performance improve to a cap rate of 8.03% and a cash on cash of
Amazingly convenient location close to UNM, Uptown, Whole Foods, Nob Hill & more. The house offers great versatility with a huge living room that opens to the even more spacious backyard. Off the alley is a driveway so you can access the large shed which is big enough to be a bike or motorcycle garage. An open patio area and tons of space give you plenty of room to make it your own. Add a garden, dog run or whatever your heart desires. Inside you'll find lovely light, a large laundry room with extra storage, a walk in closet & seating area in the oversized primary bedroom, & two nice-sized secondary bedrooms. The front room - currently used as a dining room - could easily b
The current owner has prospective plans for 52 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
Close to Sandia Labs, Kirtland AFB and UNM. This home has the original wood floors, great sunroom & Casita w/ loft. Living room/dining room combo with built-in cabinetry which has been used as an office. Both bedrooms open onto the sunroom. Casita is 436 sq. ft. of living space with a loft and full bath. New insulation in roof, walls and floors Come take a look, plenty of possibilities here!
Nice size Duplex in the Nob Hill/Ridgecrest area. NOT ON the Zuni you're thinking of! This is a different street. This is a hidden gem off the busy street!Two spacious 2-bedroom units with garages. The units have washer-dryer hook-ups, hardwood floors, cute back patios for each unit. Great money-maker with room to increase the rents. DO NOT go on the property, currently rented. Property shown with accepted Purchase Agreement.
A fantastic opportunity to buy in Nob Hill, one of Albuquerque's most vibrant neighborhoods! Deep charm and character abound in this classic midcentury pueblo home. The natural light is warm and wonderful on the hardwood floors and custom colors. Solid updates; windows, kitchen and hall bath. There has been a nice addition with a large living room with French doors to the covered patio and a big, modern, primary suite with vaulted ceilings featuring direct access the backyard which is AMAZING! Mature plantings, brick path/patio, a nice big tree and garden storage. Its your own botanical garden, and one of the best parts of the property. Just a short distance to all the shopping and amenitie
NOB HILL Gem and a $5K INCENTIVE to BUYER on a full price Offer!--Through 12/31/24. The one story home is centrally located and close to EVERYTHING! It is beautifully updated and sits on a generously sized lot. You are welcomed via a semicircular drive to a beautiful portal overlooking the garden. The interior Open Plan Living/Dining/Kitchen spaces, are perfect for entertaining. There are (4) quiet bedrooms and (2) fully remodeled bathrooms, one with a jetted tub, the other with a walk-in shower. The back portion has a separate entry from the landscaped side yard into a foyer and generously sized Office, or 5th bedroom. It's your choice to keep the Bonus Room or reinstate the original Garag
Welcome to your adorable & affordable new home! This charming 3 bedroom, 2 bath gem boasts gorgeous original wood floors & fresh, neutral paint throughout. Enjoy the spacious feel with two living areas & plenty of natural light. The recently updated kitchen features modern finishes and beautiful new fixtures, seamlessly connecting to the dining room and main living area. Both bathrooms have been stylishly updated, & new tile adds a touch of elegance to the kitchen, laundry room, entryway, & primary bedroom. Outside, you'll find a fantastic 500 sq ft bonus building that can be used for an artist studio, office, or ultimate man cave, plus an additional storage shed