• MLS® #: 941624
  • 570 Jane Street Ne
  • Albuquerque, NM 87123
  • $209,505
  • 1920 SqFt, 0.16 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

Located at 570 Jane NE, and just west of the intersection of Interstate 40 and Juan Tabo and the one close to one of the main entrances to Kirtland Air Force Base / Sandia National LaboratoriesBuilt in 1981, this four-unit community contains efficient one bedroom, one bathroom units with updated bathrooms and an abundance of storage.Priced at $209,505 or $109/sf or $52,376 per unit and based on the current average rents of $604 per month, the property's measures of investment performance include a 7.23 GRM, 7.56% cap rate before reserves, a before tax IRR of 18.40% and an after tax IRR of 14.30%.If rents were raised to the average in the submarket, ($713), the measures of investment performance improve to a 9.68% cap rate and a 18.24% cash on cash.

Essential Information

  • MLS® #941624
  • Price$209,505
  • Square Footage1,920
  • Acres0.16
  • Year Built1981
  • TypeResidential Income
  • Sub-TypeFour Plex
  • StatusActive

Community Information

  • Address570 Jane Street Ne
  • Area50 - Northeast Heights
  • SubdivisionCoronado Heights Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87123

Amenities

  • AmenitiesNo Landscaping

Utilities

Electricity Connected, Sewer Connected, Community Water

Interior

  • AppliancesRefrigerator
  • HeatingRadiant
  • CoolingEvaporative
  • # of Stories1
  • Stories1 Story

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedApril 9th, 2019
  • Days on Market102
  • 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 July 21st, 2019 at 11:13am MDT.