Bought with Deacon Property Services
$700,000
$688,354
1.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
4,344 SqFt
SOLD DATE : 01/15/2021
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $161
Subdivision Tr C Rhea Addn Compr Of Tr 181A1 Mrgcd Map 27 Cont
MLS Listing ID 979810
Sold Date 01/15/21
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1966
Annual Tax Amount $2,913
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions Public Records
Property Description
Seller is accepting backup offers.Nestled in the greenery of the Village of Los Ranchos, the El Pueblo apartments are steps away from the historic Camino Real, and the original route of Route 66, now known as the newly renovated 4th street corridor.All the bones are in place on this one. Held in the same family for over four decades, this is a once in a lifetime chance to own such a straight-forward value add investment property in Albuquerque's lush north valley. Based on current increases the ask price of $688,354, and an average rent of $542, the measure of investment performance include a GRM of 11.77, a CAP rate of 5.29% before reserves, a price per unit of $76,484, a price per square foot of $158.46, a before tax IRR of 19.7% and an after tax IRR of 16.3%.
Location
State NM
County Bernalillo
Area 100 - North Valley
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Tile
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101506311309830517
Security Features Complex Fenced
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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