• Price:

    • $3,495,000

  • Listing #:
    • 847327
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 33,000
  • # of Acres:
    • 1.30
  • Lot Size:
    • 56,628
  • Year Built:
    • 1960
  • Subdivision:
    • Heights Reservoir Add Tr 18
  • Address:
    • NE Monroe Street
  • City:
  • County:
    • Bernalillo
  • Area:
    • 40 - Unm
  • State:
    • NM
  • Zip:
    • 87108

Description

Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.Adjoining recently renovated property that is current collecting rents between $775 to $1,075.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.

For more information on this listing, please contact...

  • Units
    • Owner Occupant Unit:
      • - No
    • Total # Of Buildings:
      • - 7
    • # Of Units:
      • - 50.00
    • Unit Summary: Total Units:
      • - 50
    • # Of Unit Types (1): # Of Units:
      • - 50
    • # Of Unit Types (1): Approx. Sqft:
      • - 653
    • # Of Unit Types (1): # Of Bedrooms:
      • - 1
    • # Of Unit Types (1): # Baths:
      • - 1.00
    • # Of Unit Types (1): Market Rent:
      • - 665
    • # Of Unit Types (1): Actual Rent:
      • - $605.00
    • # Of Unit Types (1): Max Rent:
      • - 610
  • Construction
    • Age:
      • - 1 - 3
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Roof:
      • - Flat
    • Details:
      • - Stucco
    • Builder:
      • - Unk
    • Flooring:
      • - Carpet
      • - Tile
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - Yes
  • Lot
    • Details:
      • - R-3
  • Rent
    • Tenant Pays:
      • - None
    • Rental Info:
      • - Current Lse Agreemnt
    • Unit Summary: Annualized:
      • - 363000.00
    • Unit Summary: Average Unit Size:
      • - 653.00
    • Unit Summary: Average Actual Rent:
      • - 605.00
    • Unit Summary: Total Actual Rent:
      • - 30250.00
    • Owner Pays:
      • - Electric
      • - Gas
      • - Maintenance
      • - Sewer
      • - Trash Removal
      • - Water
  • Utilities
    • Utilities:
      • - All City
    • Heating:
      • - Central Forced Air
    • Cooling:
      • - Evaporative
    • Metering:
      • - All Master Metering
  • Income & Expenses
    • Operating Expenses:
      • - All
      • - Call Listing Broker
    • Approx. Taxes:
      • - 13213.10
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - Laundry Community
      • - Some Landscaping
    • Appliances Included:
      • - Refrigerator
    • Days On Market:
      • - 893
    • Finance Considered:
      • - Cash
      • - Conventional

For more information on this listing, please contact...