1515 8 Th Street

Estimated Monthly Payment: $3,466/mo 1515 8 Th Street, Albuquerque, NM 87102 MLS# 933520 Multifamily Listing Status: Active
8,640 sqft

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REMARKS:

NM Apartment Advisors is very excited to bring to market twelve-plex at 1515 8th NW, located in Downtown Albuquerque, this property has a high walk (65), bike (76), and transit (57) scores.The property's is walking distance Albuquerque's museum corridor, Tiguex Park and Old town and biking distance to the central business district.At the ask price of $732,707 and an average rent of $593, the measure of investment performance include a GRM of 8.59, a CAP rate of 6.25%, a price per unit of $61,059 a price per square foot of $84.80 a before tax IRR of 23.40% and an after tax IRR of 19.50%.If rents were raised to market of $643, the measure of investment performance improve to a cap rate of 7.40%. These townhouse style units are all two bedrooms and one bathroom that includes w

OVERVIEW:

Multifamily
9 or More Units
Active
80
Downtown Area
Albright Moore Add
1920
8640
0.11
4791
Stucco
Frame
Gas
Evaporative
All City

FEATURES:

Refrigerator
Wshr/Dryr HU in Unit
Carpet, Tile, Wood

FINANCIAL:

$732,707
$1,495
Other - See Remarks

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of NM Apartment Advisors, Inc..

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

 

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