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3444 EASTERN AVE SE ALBUQUERQUE, NM 87106
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 3444 EASTERN AVE SE, ALBUQUERQUE, NM 87106
Features
- Price/sqft: $247
- Lot Size: 8102
- Total Units: 4
- Total Rooms: 2
- Room List: Bedroom 1, Bedroom 2
- Stories: 100
- Roof Type: Shingle (Not Wood)
- Heating: Forced air unit
Facts
- Year Built: 01/01/1972
- Property ID: 857981177
- MLS Number: 1057423
- Parcel Number: 1-016-056-456-057-4-04-11
- Property Type: Multi-family (5 or more units)
- County: BERNALILLO
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.
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Property Brokerage:
NM Apartment Advisors Inc.
524 Central Ave. SW Suite 801
Albuquerque
NM
87102
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.