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Updated price reflects substantial increase in rents and results of multiple offers from earlier this year.NM Apartment Advisors is very excited to bring to market this five-unit family hacienda mixed use compound style property located in Albuquerque North Valley's. This property has a good walk (69), bike (71), and transit (32) scores.According to the assessor records the property was built in 1924, the current owner has performed numerous renovations and updates to the property. Three of the units are residential and two are commercial.Based on current increases the ask price of $366,915, and an average rent of $870, the measure of investment performance include a GRM of 7.03, a CAP rate of 7.80%, a price per unit of $73,383, a price per square foot of $72.23 a before tax IRR
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Listing information last updated on June 26th, 2019 at 10:13am MDT.