Sue Brown - Coldwell Banker Legacy
218 Yale Boulevard SE
Albuquerque, NM 87106

Description

One of New Mexico's first LEED Platinum standard energy efficient fourplexes. Located between UNM & CNM, this property hits a home run on walk score (86), transit score (50), and bike score (98).Built in 2013 with the intention of offering 4 separate residences, this property offers single family amenities and finishes for its two bedroom / one bathroom units, including digital locks, washer/dryers, and upgraded surfaces.Measure of investment performance at ask price of $576,218 and average current rent of $850 include a GRM of 14.87, CAP rate of 5.0%, a before tax IRR of 11.5% and after tax IRR of 8.70%. If rents are increased to market at $1,000 (remember it includes free parking), measure of investment performance improve to a GRM of 12.00, Cap rate of 8.20%.

Details

MLS#913701
Sub-TypeResale
StatusActive
Year2013
Days On Site217

Features

SQ Feet2,700
Units4
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area42 - UNM South
Listing VS Median (in 87106)
Price:
$576,218
low | high
Med:
$315,000
95.333189869112% of Average
SqFt:
2,700
low | high
Med:
1,770
84.444444444444% of Average
$ / SqFt:
$213
low | high
Med:
$178
66.609950647798% of Average
On Site:
217
low | high
Med:
38
100% of Average
Listing Updated: 10/22/2018
MLS Number: 913701
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.