About 8101 Marble Avenue Ne
Cap Rate: 6.08%;Year 2-3 Pro Forma Cap Rate: 8.60%;GRM: 9.97;Year 2-3 Pro Forma GRM: 8.39;Year 2-3 Projected Cash-on-Cash Return: 9.32% to 16.91% *65 LTV 7.15% Fixed Loan & 80 LTV Affordable 4.85% Loan, respectively.Building Age: 1977.Property Highlights: Marble's Renovated Units Lease 31.12% Higher than those Not Renovated. Projected Year 2-3 Gross Income Growth: 18.96%. Substantial Capital Improvements 2018-2023. Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA. Situated in a Well-Maintained Office Corridor. Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%. Decommissioned Shared-Laundry Facility. In-Place Utility Reimbursement (RUBS).
Features of 8101 Marble Avenue Ne
| MLS® # | 1044190 |
|---|---|
| Price | $1,600,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 11,169 |
| Acres | 0.65 |
| Year Built | 1977 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 8101 Marble Avenue Ne |
|---|---|
| Area | 70 - Fairgrounds |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87110 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl, Tile |
|---|---|
| Appliances | Refrigerator, Range Hood |
| Heating | Floor Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Frame |
Additional Information
| Date Listed | November 2nd, 2023 |
|---|---|
| Days on Market | 45 |
| RE / Bank Owned | No |
Listing Details
| Office | NAI SunVista Commercial RE |
|---|