Address
2713 Wyoming Boulevard NE Albuquerque, NM
Price
$ 3,697,880
Property Attributes
- MLS#969536
- TypePending
- CountyBERNALILLO
- CityAlbuquerque
- AreaUptown
- NeighborhoodManzana Manor
- Zip87111
- StyleMulti Family
- Year Built1960
- Taxes16282
- Price$ 3,697,880
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage27382
- Lot Size1.06 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description
Located walking distance to Sandia High School, and a short drive to all the retail experiences that Uptown offers.This is a core asset with stabilized cash flow, attractive renovations, with a solid platform provided for the next owner to enhance their income position.CORE AssetMeasures of investment performance at a price of $3,697,880 and current average rent of $744/month are a GRM of 11.50, a 5.75% cap rate, $102,719 per unit, $141/sf, and a cash on cash return of 10.26%. The after tax internal rate of return is 14.10%Value AddIf the remaining 25% of the units are renovated, the potential annual rent for the coming year increases by $10,980 which at a 5.75% cap rate adds $190,956 in value. If all rents are raised to the property's market rate, the Cap rate improves
| Price History | |
|---|---|
| 6/4/2020 | Listed $3,697,880 |
General Features
| Appliances | Refrigerator |
|---|---|
| Construction Materials | Brick, Frame |
| Cooling | Other, See Remarks |
| Electric | None |
| Exterior Features | Balcony, Deck, Landscaping |
| Flooring | Vinyl |
| Heating | Other, See Remarks |
| MLS Area | 41 - Uptown |
| Patio/Porch Features | Balcony, Deck |
| Property SubType | Multi Family |
| Property Type | Residential Income |
| PropertyCondition | Resale |
| Stories | 2 |
| Subdivision Name | Manzana Manor |
| Terms | Cash, Conventional |
| Total Units | 36 |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Zoning Description | MX-L* |
Interior Features
| Laundry Features | Common Area |
|---|---|
| Living Area | 27382 |
| Total Baths | 1 |
| Total Bedrooms | 1 |
Exterior Features
| Lot Size Acres | 1.06 |
|---|---|
| Lot Size Source | Public Records |
| Lot Size Square Feet | 46174 |
| Number of Buildings | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 87111
Price
Taxes
Visits
Year Built
Walkscore
IDX information © 2021 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or ROC Real Estate Partners . Data last updated: January 24, 2021 6:35 AM UTC
