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    420 Columbia Drive SE

    Albuquerque, NM 87106
    • $500,000
    • STATUS: Active
    • ON SITE: 314 days
    • MLS #: 959448
    UPDATED: 49 min ago
    $500,000
    • 2
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,765
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).The front houses have hardwood floors and speak to the quality workmanship of an 80 year old residence. The rear triplex are of newer construction, and contain two story townhouse style one bedroom units with decks that overlook the Sandia mountains.At the ask price of $500,000 and an average rent of $837 (up from $777 in 2018) the measure of investment performance include a GRM of 9.96, a CAP rate of 6.26%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 14.30%.

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    IDX information © 2020 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: 2020-10-30T08:04:49.767.
    www.mynmdreamhome.com/homes/101839672
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    420 Columbia Drive SE Albuquerque, NM 87106

    • Price: $500,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 959448
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,765
    SQFT
    $133
    $/SQFT
    1940
    Built
    Neighborhood:
    university heights
    County:
    Bernalillo
    Area:
    42 - UNM South
    Property Description
    The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).The front houses have hardwood floors and speak to the quality workmanship of an 80 year old residence. The rear triplex are of newer construction, and contain two story townhouse style one bedroom units with decks that overlook the Sandia mountains.At the ask price of $500,000 and an average rent of $837 (up from $777 in 2018) the measure of investment performance include a GRM of 9.96, a CAP rate of 6.26%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 14.30%.
    Exterior Features

    Construction Materials Frame Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling None Cooling YN No Electric None Electric On Property YN No Flooring Wood Heating None Heating YN No

    Property Features

    Builder Name Unknown Building Area Total 3765 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 3369 Tenant Pays None Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Zoning Description R-T*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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: 2020-10-30T08:04:49.767.
     
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    The Buchman Group | Keller Williams Realty
    6240 Riverside Plaza Ln, Suite 100
    Albuquerque NM, 87120