Refine Search
Map
Sort by
$5,317,173
1 Beds ⋅ 1 Baths ⋅ 1092700 MLS
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw

419 Monroe Street NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$3,015,000
3 Beds ⋅ 3 Baths ⋅ 1092688 MLS
Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2,445,000 and of based on the current average rents of $1,113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1,291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.

3601 Wellesley Drive NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$3,965,358
3 Beds ⋅ 2 Baths ⋅ 1092641 MLS
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

1200 Ortiz Drive SE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$225,000
2 Beds ⋅ 1 Baths ⋅ 1092204 MLS
The property features specious two bedroom one bathroom units with stand alone front and rear entrances as well as their own internal laundry room. The two units are stacked on top of each other and adjacent to two similar duplexes. Additionally, each unit is separately metered for electric and gas. The upper floor unit is vacant and needs a bit of work to be rent-ready. With an ask $225,000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $383,826, this charmer will go fast.

12708 Copper Avenue NE, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
$179,000
2 Beds ⋅ 1 Baths ⋅ 1092083 MLS
Condo with spacious bedrooms (one with a walk-in closet) and in-unit washer. Great area close by to grocery stores, restaurants, and shopping, with easy access to walking trails and the Sandia Mountains!

12000 STILWELL Place NE Unit C, Albuquerque

Listing courtesy of Karen Eugenia Amaro from Realty One of New Mexico
$1,000,000
7 Beds ⋅ 4 Baths ⋅ 1087921 MLS
Well kept property that has been in the same family for over 100 years. Call Listing agent for showing. Must give 48 hrs notice.

313 Iron Avenue SW, Albuquerque

Listing courtesy of Timothy R Luten from Sperry Van Ness/WACB, Inc.
$540,000
2 Beds ⋅ 1 Baths ⋅ 1087376 MLS
Large owners unit with fireplace . Roof is two years old Property must close at the same time as 2128 Coal SEProperty can be shown with 48hrs notice.

2130 Coal Avenue SE, Albuquerque

Listing courtesy of Timothy R Luten from Sperry Van Ness/WACB, Inc.
$315,000
6 Beds ⋅ 3 Baths ⋅ 1085675 MLS
Seller offering $3000 toward buyers closing costs. This solid brick triplex features three 2-bedroom, 1-bath units, all tenant-occupied. There is excellent potential to enhance the property and increase overall value. Ideally located near UNM, Kirtland AFB, hospitals, and shopping, making it highly desirable for renters. Come see it today!

1133 GEORGIA Street SE, Albuquerque

Listing courtesy of Armijo Team from ERA Summit

The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

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.