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121 General Arnold Street NE

Albuquerque, NM 87123
  • $457,232
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 1023491
UPDATED: 39 min ago
$457,232
  • 2
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 4,136
    SQFT
  • $111
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

This property contains 4 x 2 bedroom, 1 bathroom units and 2 x 1 bedroom, 1 bathroom units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below)/.Priced below market comparables at $503,7506 and at the list price of $457,332 with an average rent of $638, measures of investment performance include a GRM of 9.96, a before reserves cap rate of 6.63% and an after-tax Internal Rate of Return (IRR) of 18.60%. If rents are raised to the market average of $838, measure of investment performance improve to a cap rate of 9.32% and a cash on cash of 16.65%.

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2022-12-02T23:04:59.903.
www.mynmdreamhome.com/homes/133518536
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121 General Arnold Street NE Albuquerque, NM 87123

  • Price: $457,232
  • Status: Active
  • On Site: 63 Days
  • Updated: 39 min ago
  • MLS #: 1023491
2
Beds
1
Baths
0
½ Baths
0.17
Acres
4,136
SQFT
$111
$/SQFT
1980
Built
Neighborhood:
Waggonman Denision Addition
County:
Bernalillo
Area:
50 - Northeast Heights
Property Description
This property contains 4 x 2 bedroom, 1 bathroom units and 2 x 1 bedroom, 1 bathroom units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below)/.Priced below market comparables at $503,7506 and at the list price of $457,332 with an average rent of $638, measures of investment performance include a GRM of 9.96, a before reserves cap rate of 6.63% and an after-tax Internal Rate of Return (IRR) of 18.60%. If rents are raised to the market average of $838, measure of investment performance improve to a cap rate of 9.32% and a cash on cash of 16.65%.
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetTile Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 4136 Disclosures Ranm 2100 Disclosure Gross Income 40071 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 21481 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2582.36 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description Mx-M*

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2022-12-02T23:04:59.903.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109