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623 Madison Street NE Albuquerque, NM 87110

  • No. of Units
  • 3,100 sqft
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MultiFamily-Active $ 420,014

MLS#: 904955

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 triplex and a two car garage. Measurements of investment performance based on actual average rents of $908 per unit, 5.10% CAP rate, 12.00% before tax IRR, and 9.20% after tax. Based on a market rent of $950 per unit+$75 a month garage rent, the measure of investment performance improves to a 6.70% Cap (before reserves) AND A 25.10% after tax IRR. Ideal for the owner occupant or investor.

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  • 135.49
  • No
  • No

    Location


  • J17

    General Property Description


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

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