436 Utah Street, Albuquerque, NM 87108

$488,549
4,800
SqFt
List Price
$488,549
MLS#
935295
Property Type
Multifamily
Sqft. of Residence
4,800
Lot Size
13,503
Region
Fairgrounds
Status
ACTIVE
Estimated Age
41 - 50

Property Description

NM Apartment Advisors is excited to bring twelve studio unit property to market at 436 Utah NE. Located in two buildings that face each other across a 0.31 acre lot, this investment is a value add opportunity.Measures of investment performance at ask price of $488,549 and current average rent of $488 are a GRM of 6.95, a 7.50% cap rate, $40,712 per unit, $101.78/sf and a before tax IRR of 21.00 and an after tax IRR of 16.60%.If rents are raised to submarket average of $639, measures of investment performance increase to a GRM of 5.31, a 10.9% cap rate and a 21.50% cash on cash.

Additional Information

County
Bernalillo
Subdivison
Mesa Verde
Age
41 - 50
Acres
0.31
Approximate Taxes
3393.3
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional
Floor Number
12
Flooring
See Remarks
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
12
Total
2
Utilities
All City
Zoning
R-ML*

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.