8 Units - Albuquerque, NM
Don't miss out on the improving apartment investment marketplace. In this size range (5 to 19 units), 2014 experienced twice the transaction volume of 2013, but its still 1/4 of the number of sales that occurred in 2005. (email agent if you want a copy of the full report) Occupancy, rents and values continue to be on the rise leaving money to be made for your investor.These well located eight mixed use units have a walk score 98, a bike score of 92 and a transit score of 57 (60 is the best in ABQ). Centrally located downtown near hundreds of new jobs, and within a one mile radius of hundreds of restaurants, this property is well located for to appeal to the millennial resident.Offered at its 2015 MAI appraisal of $550,000, this investment offers an 8.1% Cap rate, 11.3% cash o
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Please call (505) 440-8633.
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