• MLS® #: 935295
  • 436 Utah Street
  • Albuquerque, NM 87108
  • $488,549
  • 4800 SqFt, 0.31 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

NM Apartment Advisors is excited to bring twelve studio unit property to market at 436 Utah NE. Located in two buildings that face each other across a 0.31 acre lot, this investment is a value add opportunity.Measures of investment performance at ask price of $488,549 and current average rent of $488 are a GRM of 6.95, a 7.50% cap rate, $40,712 per unit, $101.78/sf and a before tax IRR of 21.00 and an after tax IRR of 16.60%.If rents are raised to submarket average of $639, measures of investment performance increase to a GRM of 5.31, a 10.9% cap rate and a 21.50% cash on cash.

Essential Information

  • MLS® #935295
  • Price$488,549
  • Square Footage4,800
  • Acres0.31
  • Year Built1974
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address436 Utah Street
  • Area70 - Fairgrounds
  • SubdivisionMesa Verde
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87108

Amenities

  • AmenitiesNo Landscaping
  • UtilitiesAll City

Interior

  • AppliancesRefrigerator
  • Heating2+ Units
  • Cooling2+Units
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedJanuary 11th, 2019
  • Days on Market11
  • ZoningR-ML*
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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 January 22nd, 2019 at 10:13pm MST.