Multi Family homes for sale & real estate in 87108, NM

Multi Family Home for sale in 87108, NM:

Wonderful investment opportunity near midtown Albuquerque. This Four-plex has electric and gas separately metered per unit. Each unit has own parking and storage unit. Community laundry room and much more. .. .. REC. terms 20% down, 8% interest rate and 5 years call

Multi Family Home for sale in 87108, NM:

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

Multi Family Home for sale in 87108, NM:

Great investment opportunity! Roof replaced 2020, 2 units upgraded 2022 with vinyl plank flooring and new bathroom amenities. Property is fully fenced and gated, including 2 parking spaces per unit. 3 units ready for immediate move in at market rent, or live in one and rent out the rest! Each of the 4 units are 2 bed, 1 bath, separately metered and tenants pay gas and electric.

Multi Family Home for sale in 87108, NM:

This fourplex contains two bedroom one bathroom units that are renting at $1,200 (utilities included) There are washer dryer hook-ups each unit and the units are renovated.