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Nysha Lynn, Sales Associate
FOR SALE
$515,000
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121 General Arnold Street NE
Albuquerque, NM 87123

Multi-Family
Residence
2
Beds
1
Baths
4,136
Sqft
0.17
Lot Size
Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 

Description for 121 General Arnold Street NE Albuquerque, NM 87123

Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.

Property Details

1040970
Multi-Family, 2 Story
2
Bernalillo
1
1980
0.17 Acres
2
Frame
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Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 4/28/2024 2:44 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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Equal Housing Opportunity.


Nysha Lynn 6711 Academy Rd. NE Ste. B, Albuquerque, NM 87109 | Phone: (505) 710-2750 | Email: nyshasellsre@gmail.com

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