• MLS® #: 933859
  • 1340 San Mateo Boulevard Se
  • Albuquerque, NM 87108
  • $430,000
  • 5320 SqFt, 0.26 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

NM Apartment Advisors is excited to bring to market this 7 unit apartment with large owners units to the market. Built in 1957, this property has a ton of built-ins - in the kitchen, closets and bedroom.Mostly hardwood floors and 100% charm, the property, 1340 San Mateo SE, is just north of the famous Chevy-on-the-stick-sculpture, and possesses a good walk (79), bike (79), and transit (38) scores.At the ask price of $430,000 and an average rent of $565, the measure of investment performance include a GRM of 9.06, a CAP rate of 6.20%, a price per unit of $61,429, a price per square foot of $82.38 and an after tax IRR of 14.10%.If rents were raised to market of $612, the measure of investment performance improve to a cap rate of 6.60%.

Essential Information

  • MLS® #933859
  • Price$430,000
  • Square Footage5,320
  • Acres0.26
  • Year Built1957
  • TypeResidential Income
  • Sub-Type7 Units
  • StatusActive

Community Information

  • Address1340 San Mateo Boulevard Se
  • Area71 - Southeast Heights
  • SubdivisionVirginia Place Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87108

Amenities

  • AmenitiesOwners Unit
  • UtilitiesAll City

Interior

  • AppliancesRefrigerator
  • Heating2+ Units
  • CoolingEvaporative
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedDecember 10th, 2018
  • Days on Market315
  • ZoningMX-L*
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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 October 22nd, 2019 at 12:43pm MDT.