328 Tennessee Street SE, Albuquerque, NM 87108

$549,500
7,993
SqFt
List Price
$549,500
MLS#
903503
Property Type
Multifamily
Sqft. of Residence
7,993
Lot Size
13,503
Region
Southeast Heights
Status
ACTIVE

Property Description

On behalf of the owner, NM Apartment Advisors Inc., is pleased to present this opportunity to acquire a cash flow opportunity in the International District and just south of the new Albuquerque Rapid Transit (A.R.T.) slated to open late in 2017.The owner of both of these properties has kept them in immaculate condition and is ready to let the next generation of investors continue this fine tradition.Measures of investment performance include: based on actual rents of $458, 8.59% CAP rate, 14.548 Cash on Cash, 20.01% before tax Internal Rate of Return.These side by side properties are offered together as a portfolio of 16 units.320 is a duplex with two bedroom units and 328 which is a 14-plex one bedroom , one bathroom unit community..

Additional Information

County
Bernalillo
Subdivison
Casas Serenas Sub
Acres
0.31
Approximate Taxes
4000.0
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional
Floor Number
16
Flooring
Tile
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
16
Total
2
Utilities
All City
Zoning
R-2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.