Offered for sale by the original developer's family who has held title and occupied the property for 40+ years.The developer, Mr. Carl Williams was a rancher, developer and former executive director of the City of Albuquerque Parks and Recreation department. In 1963, he acquired this lot and designed his dream triplex, with plans (see page 16) to live there the rest of his life. His granddaughter and her family live in all 3 units.The property is being marketed with the bid process and an ask price of $256,000. Market comparable indicate that the final price is closer to $301,151. Current measure of investment performance as the ask price of $256,000 a GRM of 6.93, cap rate of 7.20%, a 11.50% cash on cash. The comparable sales supports $301,151. Property is being sold using BID
Listing courtesy of NM Apartment Advisors, Inc..
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