4113 Atrisco - 4201-4209 Drive NW, Albuquerque, NM 87120

$2,272,500
26,954
SqFt
List Price
$2,272,500
MLS#
940537
Property Type
Multifamily
Sqft. of Residence
26,954
Lot Size
79,998
Region
Ladera Heights
Status
ACTIVE
Estimated Age
10 - 15

Property Description

This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities.Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit - 3/2 + 2 car garage as well as a small onsite management office.Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%.Value in 3rd party management, charging for storage units & raising rents.

Additional Information

County
Bernalillo
Subdivison
Sloans Acres Sub
Age
10 - 15
Acres
1.84
Approximate Taxes
5000.98
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional
Floor Number
30
Flooring
Carpet, Tile, Vinyl
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
30
Total
8
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-ML*

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.