About 121 General Arnold Street Ne
Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
Features of 121 General Arnold Street Ne
| MLS® # | 1040970 |
|---|---|
| Price | $515,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 4,136 |
| Acres | 0.17 |
| Year Built | 1980 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 121 General Arnold Street Ne |
|---|---|
| Area | 50 - Northeast Heights |
| Subdivision | Waggonman Denision Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87123 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Construction | Frame |
|---|
Additional Information
| Date Listed | September 4th, 2023 |
|---|---|
| Days on Market | 238 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|