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619 Madison Street NE Albuquerque, NM 87110

  • No. of Units
  • 2,096 sqft
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MultiFamily-Active $ 265,837

MLS#: 904951

Courtesy of: NM Apartment Advisors, Inc.

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Description

Amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50’s. This property was built in 1996, and includes two houses and a single car garage. Measurements of investment performance based on actual average rents of $900 per unit, 4.90% CAP rate, 11.80% before tax IRR, and 9.00% after tax. Based on a market rent of $1,138 per unit+$50 in garage income, the measure of investment performance improves to a 7.20% Cap (before reserves), and a 11.50% cash on cash. Ideal for the owner occupant or investor.

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  • 126.83
  • No
  • No

    Location


  • J17

    General Property Description


  • Per Appraisal
  • 0.15
  • 6752
  • On-Line
  • 1

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