This listing was posted on ListedBuy.
$5,349,113
419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505
Price:
$5,349,113
BR/BA:
1 BR, 1 BA
Location:
419 MONROE ST NE, Albuquerque, NM
Description:
Zia at Nob-Hill's current ownership is on a runway towards achieving a 9.24% cap rate with individual unit renovations and higher sales. The owner has done all of the non-interactiony capital items including upgrading landscaping (2019), improved the parking lot (202o), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher sales. This combination makes the property a value add with the potential to renovate units and raise sales to a level closer to the neighboring property creating a potential cap rate of a 9.24%. CORE Asset Measures of investment performance at the ask price of $5,349,113 and current average sales of $868 a month are a GRM of 10.27, a 5.75% cap. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
For sale by:
By Owner
Posted:
September 19 2023 on ListedBuy
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More About this Listing: 419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505
419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505 is a One Bedroom One Bath Multi-Family Real Estate for Sale at 419 Monroe St Ne in Albuquerque NM. Find other listings like 419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505 and listings near 419 Monroe St Ne by searching Oodle Classifieds for One Bedroom One Bath Multi-Family Real Estate for Sale in Albuquerque NM.
419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505 is a One Bedroom One Bath Multi-Family Real Estate for Sale at 419 Monroe St Ne in Albuquerque NM. Find other listings like 419 MONROE ST NE, Albuquerque, NM 87108 Multi Family For Sale MLS# 1040505 and listings near 419 Monroe St Ne by searching Oodle Classifieds for One Bedroom One Bath Multi-Family Real Estate for Sale in Albuquerque NM.