3410 Thaxton (& 14,18,22,30,34,38) Se Avenue, Albuquerque, NM 87106

$2,495,000
2
BD
1
BA
21,420
SqFt
List Price
$2,495,000
Price Change
▼ $289,448 1667503220
MLS#
1013743
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Sqft. of Residence
21,420
Lot Size
6,098
Region
UNM South
Status
PENDING

Property Description

8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,495,000 and with an average rent of $712, the measures of investment performance include $89,107 per unit, $116.48 per square foot, a before reserves cap rates of 6.25%, and an after tax IRR of 14.00%.If rents are moved to market of $895, measure of investment performance improve to a cap rate of 8.04%

Additional Information

County
Bernalillo
Subdivison
Knob Heights
Acres
0.14
Exterior Features
Landscaping
Cooling
Evaporative Cooling
Flooring
Carpet, Vinyl
Heating
Central, Forced Air
Utilities
Electricity Connected, Sewer Connected, Water Connected
Zoning
R-MH*

Mortgage Calculator

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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.