• MLS® #: 958681
  • 1024 Madeira Drive Se
  • Albuquerque, NM 87108
  • $189,000
  • 1 Bed, 1 Bath, 2424 SqFt, 0.19 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

Measures of investment performance at ask price of $189,000 and current average rents of $513 are a GRM of 7.70, a 6.10% cap rate, before tax IRR of 15.80% and an after tax IRR of 12.70%, $47,238 per unit, and $60.25/sf.If rents were increased to the market average of $686, measure of investment performance improve to a cap rate of 10.70% and a cash on cash of 22.70%.In the event of multiple offers, Seller will be using Bid Process to conduct a best and final.

Essential Information

  • MLS® #958681
  • Price$189,000
  • Bedrooms1
  • Bathrooms1.00
  • Square Footage2,424
  • Acres0.19
  • Year Built1958
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StatusPending

Community Information

  • Address1024 Madeira Drive Se
  • Area71 - Southeast Heights
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87108


  • AppliancesRefrigerator
  • HeatingForced Air
  • CoolingEvaporative Cooling
  • # of Stories1
  • StoriesOne


  • ConstructionBrick, Frame

Additional Information

  • Date ListedDecember 5th, 2019
  • Days on Market104
Print this Page

Property Location

Get directions to this property:
Please provide a valid email address.

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 April 3rd, 2020 at 4:01pm MDT.