About 335 Espanola Street Ne
start price of $695,845, some 25% under a recent appraisal. The owner has recently made significant improvements to this family style apartment compound.Measures of investment performance with an average rent of $842 and a start price of $695,845 include $57,987 per unit , $91.63/sf, 10.34% (ACTUAL) cap rate, and an after tax IRR of 15.4%. If rents are moved closer to the market average and 60% of AMI, at $1,064, the measures of investment performance improve to a 13.77% cap rate.Property has recent appraisal with a today value of $930,000 and a future value of $1,070,000 and is approved for a loan from the Ventana Fund with a term sheet that includes 80% loan to value, 5.35% interest rates. Lender would require approval of the Buyer(s).
Residential Income property for sale in Albuquerque, NM at 335 Espanola Street Ne. This Residential Income property is priced at $93/sqft
Features of 335 Espanola Street Ne
| MLS® # | 1044432 |
|---|---|
| Price | $695,845 |
| Bathrooms | 1.00 |
| Square Footage | 7,500 |
| Acres | 0.46 |
| Year Built | 1946 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information: Albuquerque
| Address | 335 Espanola Street Ne |
|---|---|
| Area | 70 - Fairgrounds |
| Subdivision | La Mesa Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities of 335 Espanola Street Ne
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 335 Espanola Street Ne
| Interior | Carpet, Wood |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Floor Furnace, Forced Air, Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior of 335 Espanola Street Ne
| Construction | Block, Frame, Stucco |
|---|
Additional Information On 335 Espanola Street Ne
| Date Listed | November 7th, 2023 |
|---|---|
| Days on Market | 441 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|