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The underlying fundamentals for apartment investments continue to improve, as evidenced by the recent rent increases in this owner occupant style fourplex in Downtown Albuquerque with a high walk (88), bike (71), and transit (57) scores.Located at 715 Fruit NW, and offered at the same price, but with an enhanced return due to increasing rents from $710, today they are at $761, representing a 7.18% increase in 4 months.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 $385,500 and an average rent of $761 the measure of investment performance include a GRM of 10.55, a CAP
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Listing information last updated on June 27th, 2019 at 3:58am MDT.