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NM Apartment Advisors is excited to bring to market this amazing 1930s vintage downtown Albuquerque apartment portfolio located on the edge of the Country Club Neighborhood. Located at 401 & 423 12th SW, 87102, this is a core asset with stabilized cash flow and recent renovations, it is also a value-add deal with rents that are 18.00% below market.If rents are raised to market average of $849, measures of investment performance increase to a GRM of 8.68, and a 6.62% cap rate. Email listing broker if you need the latest Downtown rent survey.Don't miss out - properties with high walk, bike and transit scores are going quickly!
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
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Listing information last updated on September 15th, 2019 at 10:28pm MDT.