Todd Clarke
This listing was posted on RealtyWW.
$5,807,969
Home For Sale In Albuquerque, New Mexico
Price:
$5,807,969
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 rents.The owner has done all of the non-sexy 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 rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 9.24%.CORE AssetMeasures of investment performance at the ask price of $5, 807, 969 and current average rents of $885 a month are a GRM of 10.94, a 5.92% capFor more details: https://realtyww.info/homes_albuquerque-d523737/for-sale_i69323802
Property Type:
Single-Family Houses
Posted:
March 11 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 One Bedroom One Bath Single-Family Homes for Sale at 419 Monroe St Ne in Albuquerque NM. Find other listings like Home For Sale In Albuquerque, New Mexico and listings near 419 Monroe St Ne by searching Oodle Classifieds for One Bedroom One Bath Single-Family Homes for Sale in Albuquerque NM.
Home For Sale In Albuquerque, New Mexico is a One Bedroom One Bath Single-Family Homes for Sale at 419 Monroe St Ne in Albuquerque NM. Find other listings like Home For Sale In Albuquerque, New Mexico and listings near 419 Monroe St Ne by searching Oodle Classifieds for One Bedroom One Bath Single-Family Homes for Sale in Albuquerque NM.