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
AVG $400K
$3.7M
Taxes
AVG $3,668
$16,282
Visits
AVG 28
124
Year Built
AVG 1982
1960
Walkscore
AVG 39
59
Data Provided by Walkscore ® not using MLS data

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