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    610 Jefferson Street NE

    Albuquerque, NM 87110
    • $399,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 979464
    UPDATED: 26 min ago
    $399,000
    • 2
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,225
      SQFT
    • $179
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2017
    County:
    Area:

    School Ratings & Info

    Description

    Tucked in a high appreciation, neighborhood of mostly single-family homes built in 1940-50's. The property, located at 610 Jefferson NE, includes front hour and a rear duplex that was built in 2017.A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates given how highly sought after the area is by many residents.Measurements of investment performance based on actual average rents of $900 per unit, 5.21% CAP rate, 18.50% before tax IRR, and 14.90% after tax IRR. Based on a market rent of $1,007 per unit the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.The location has a high walk (78), Bike (83), and transit (40) score.

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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: 2020-12-01T00:04:52.787.
    www.mynmdreamhome.com/homes/111135609
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    610 Jefferson Street NE Albuquerque, NM 87110

    • Price: $399,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 979464
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,225
    SQFT
    $179
    $/SQFT
    2017
    Built
    Neighborhood:
    New Year Add Brooms Sub
    County:
    Bernalillo
    Area:
    40 - UNM
    Property Description
    Tucked in a high appreciation, neighborhood of mostly single-family homes built in 1940-50's. The property, located at 610 Jefferson NE, includes front hour and a rear duplex that was built in 2017.A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates given how highly sought after the area is by many residents.Measurements of investment performance based on actual average rents of $900 per unit, 5.21% CAP rate, 18.50% before tax IRR, and 14.90% after tax IRR. Based on a market rent of $1,007 per unit the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.The location has a high walk (78), Bike (83), and transit (40) score.
    Exterior Features

    Construction Materials Frame Exterior Features Privacy Wall Fencing Wall Parking Total 3 Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 2 Cooling Evaporative Cooling Electric None Electric On Property YN No Heating CentralForced Air Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Mcmann Building Area Total 2225 Disclosures Ranm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 4415 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

    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: 2020-12-01T00:04:52.787.
     
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    The Buchman Group | Keller Williams Realty
    6240 Riverside Plaza Ln, Suite 100
    Albuquerque NM, 87120