• MLS® #: 932029
  • 715 Fruit Avenue
  • Albuquerque, NM 87102
  • $425,000
  • 2 Beds, 1 Bath, 0.18 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

Enhanced return due to increasing rents from $710, today they are at $785, representing a 10.56% increase.The property's is walking distance to the central business district and biking distance to downtown, old town and a couple dozen brew pubs, and specialty coffee shows. (Think of it as the epicenter for the three B's - bikes, brews, and beer).At the ask price of $425,000 and an average rent of $785 the measure of investment performance include a GRM of 11.28, a CAP rate of 5.23%, a price per unit of $106,250, a price per square foot of $159.77 a before tax IRR of 12.90%.If rents were raised to market of $833, the measure of investment performance improve to a cap rate of 6.36%.

Essential Information

  • MLS® #932029
  • Price$425,000
  • Bedrooms2
  • Bathrooms1.00
  • Acres0.18
  • Year Built1916
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StatusActive

Community Information

  • Address715 Fruit Avenue
  • Area80 - Downtown Area
  • SubdivisionArmijo Bros Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87102

Amenities

  • UtilitiesMunicipal Utilities

Interior

  • InteriorWood
  • AppliancesRefrigerator
  • HeatingMultiple Heating Units
  • Cooling2 Units
  • # of Stories1
  • StoriesOne

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedNovember 6th, 2018
  • Days on Market496
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on June 1st, 2020 at 9:00pm MDT.