715 Fruit Avenue, Albuquerque, NM 87102

$385,500
List Price
$385,500
MLS#
932029
Property Type
Multifamily
Lot Size
7,840
Region
Downtown Area
Status
ACTIVE
Estimated Age
Select One

Property Description

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%.

Additional Information

County
Bernalillo
Subdivison
Armijo Bros Add
Age
Select One
Acres
0.18
Approximate Taxes
3990.06
Appliances Included
Refrigerator
Detached Type
No
Disability Access
Unknown
Financing
Cash, Conventional, FHA, VA
Floor Number
4
Flooring
Wood
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
4
Total
1
Utilities
All City
Zoning
R-ML*

Mortgage Calculator

Amount of Loan
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Term of Loan
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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.