About 3444 Eastern Avenue Se
All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.
Features of 3444 Eastern Avenue Se
| MLS® # | 1057423 |
|---|---|
| Price | $570,370 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 2,300 |
| Acres | 0.19 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 3444 Eastern Avenue Se |
|---|---|
| Area | 42 - UNM South |
| Subdivision | Ronys Knob Heights |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87106 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Frame |
Additional Information
| Date Listed | February 19th, 2024 |
|---|---|
| Days on Market | 74 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|