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Nysha Lynn, Sales Associate
FOR SALE
$570,370
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3444 Eastern Avenue SE
Albuquerque, NM 87106

Fourplex, Multi-Family
Residence
2
Beds
1
Baths
2,300
Sqft
0.19
Lot Size
Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 

Description for 3444 Eastern Avenue SE Albuquerque, NM 87106

All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.

Property Details

1057423
Fourplex, Multi-Family, 1 Story
2
Bernalillo
1
1972
0.19 Acres
1
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 5/4/2024 5:42 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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