Real Estate For Sale in...
 

419 Monroe Street NE, Albuquerque, NM 87108

$3,250,000
Multi Family MLS# 847327 ID: 46678640
$3,250,000 Get Rates

9 or More Units - Albuquerque, NM
Originally built in 1960, many of the one bedroom one bathroom units have the original 60's decor and offer an abundance of storage and natural lighting. Possible interior upgrades include adding dishwashers, garbage disposals and updating surfaces. Possible exterior upgrades include moving to refrigerated package hvac units, solar carports, community gardens, and bike facilities.Based on the ask price of $3,250,000 and an average rent of $608 ($0.99/sf), the property offers a 6.96% Cap rate, 10.76% cash con cash, 18.9% before tax IRR, and a 14.3% after tax IRR. Based on proforma rents of $739, the property could be a 8.95% CAP rate, 20.69% cash on cash, and astronomical IRR.Adjoins recently renovated property that is current collecting rents between $775 to $1,075.

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Location Information near 419 Monroe Street NE
Offered by Todd D Clarke at NM Apartment Advisors, Inc.

Would you like more information regarding this property?
Please call (505) 440-8633.

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Property Features for 419 Monroe Street NE
Status
Market Status
Available
Last Updated
November 16, 2017
Description
Property Type
Multi Family
Year Built
1960
Stories
2.0
Approx. Lot Size
1.30 Acres
Sq. Feet
33,000

Appliances

  • Refrigerator

Building Features

  • Cooling System: Evaporative
  • Heating System: Forced Air
  • Stories: 2.0

Exterior Features

  • Exterior Construction: Stucco

Interior Features

  • Floors: Carpet; Tile

Legal/Financial

  • Taxes: 13213.1

Listing Features

  • Property Type: MultiFamily; 9 or More Units
  • Todd D Clarke
  • NM Apartment Advisors, Inc.

Data Provided by:
Southwest MLS

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More information about this $3,250,000 Multi Family at 419 Monroe Street NE

This $3,250,000 Multi Family at 419 Monroe Street NE in Albuquerque, NM is presented by Todd D Clarke. This $3,250,000 Multi Family, located in the 87108 zip code, has the following property features: Exterior Construction, Property Type, Cooling System, Heating System. This 419 Monroe Street NE Multi Family, located in Bernalillo County , is listed under MLS listing number 847327 and has a listing price of $3,250,000. You can find more ALBUQUERQUE homes for sale here.