Description
Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.
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1BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
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5,163SQFT
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$108$/SQFT
School Ratings & Info
Description
Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.
IDX information © 2021 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: 2021-01-24T23:04:51.94.
Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.