Todd Clarke
This listing was posted on RealtyWW.
$875,997
Home For Sale In Albuquerque, New Mexico
Price:
$875,997
BR/BA:
5 BR, 4 BA
Location:
335 Espanola St Ne, Albuquerque, NM
Description:
The property contains a large two bedroom home, 5 two bedroom units, 5 one bedroom units and a studio apartment all in a private courtyard setting facing each other. Current rents are 30% below market.Measures of investment performance with an average rent of $738 and an ask price of $875, 997 include $73, 000 per unit , $116.80/sf, 6.76% cap rate, and an after tax IRR of 11.2%.If rents are moved closer to the market average of $975, the measures of investment performance improve to a 10.14% cap rate.Recent comparable sales indicate a value of $1, 184, 884 and the owner has priced these deals under market comparable sales to ensure an expedited closing.For more details: https://realtyww.info/homes_albuquerque-d523737/for-sale_i69392278
Property Type:
Single-Family Houses
Posted:
March 13 on RealtyWW
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More About this Listing: Home For Sale In Albuquerque, New Mexico
Home For Sale In Albuquerque, New Mexico is a Five Bedroom 4.5 Bath Single-Family Homes for Sale at 335 Espanola St Ne in Albuquerque NM. Find other listings like Home For Sale In Albuquerque, New Mexico and listings near 335 Espanola St Ne by searching Oodle Classifieds for Five Bedroom 4.5 Bath Single-Family Homes for Sale in Albuquerque NM.
Home For Sale In Albuquerque, New Mexico is a Five Bedroom 4.5 Bath Single-Family Homes for Sale at 335 Espanola St Ne in Albuquerque NM. Find other listings like Home For Sale In Albuquerque, New Mexico and listings near 335 Espanola St Ne by searching Oodle Classifieds for Five Bedroom 4.5 Bath Single-Family Homes for Sale in Albuquerque NM.