1420 4th St NW, Albuquerque, NM 87102

Commercial property for lease

• Description
• Chuck Sheldon of T&C Management and Todd Clarke NM Apartment Advisors are excited to bring what would be Albuquerque's last almost 10% cap rate deal to market.Located just north of the downtown skyline in the historic Wells Park neighborhood, this 12 unit apartment price reflects the overall condition and upside potential.Property contains small units that average $557 a month in rents. Measure of investment performance at the starting ask price of $450,000 include a GRM of 5.61, a 9.40% Cap rate (after reserves, 10.0% before), 14.80 Cash on cash, and a 20.70% after tax IRR.Recent appraisal was $572,000 - and recent comps indicate a value closer to $533,626, and if the average rent was increased to market of $729, that comparable sales price a 11.9% CAP rate.In short, this property has tons of upside - don't miss out on the property tour, scheduled for 4pm on June 13th, 2018 - RSVP required at www.nmapartment.com/fourth1420Offer deadline is June 19th, 2018. Building price details: $450,000.
• Contact info
• Todd Clarke

  NM Apartment Advisors, Inc.
• Note

• Details Info about this row that located on 1420 4th St NW, Albuquerque, NM 87102 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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