NM Apartment Advisors is very excited to bring to market this fourplex is located in Downtown Albuquerque at 715 Fruit NW, this property has a high walk (88), bike (71), and transit (57) scores.The property's is walking distance to the central business district.At the ask price of $385,500 and an average rent of $710, the measure of investment performance include a GRM of 11.31, a CAP rate of 5.24%, a price per unit of $96,375, a price per square foot of $150.29 a before tax IRR of 11.10%.If rents were raised to market of $751, the measure of investment performance improve to a cap rate of 5.54%.
Listing courtesy of NM Apartment Advisors, Inc..
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