317 15th St NW, Albuquerque, NM 87104
Commercial property for lease
- Description
- High end fourplex and downtown millennial dream - Renovated top to bottom - owner has made amazing changes to the property that must be seen to appreciate. New kitchens, new bathrooms, new flooring, new HVAC, new tankless water heaters, new finishes, private courtyard, stackable washer/dyers and a walk score of 83, transit score of 48, and bike score of 89!Average rents of $1,031 are still below market of $1,139 and offers 6.20% Cap rate on actuals, 7.80% cap rate on proforma. Potential Before Tax IRR of 19.2%, After Tax of 15.20%. Building price details: $485,500.
- Contact info
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Todd ClarkeNM Apartment Advisors, Inc.
- Note
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- Property Details
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Building Name: SamsPlex Property Type: Commercial (Other) Status: Available Lot Size: 0.160 Acres Number of Stories: 1 Year Built: 1959 Submarket: Duplex/Fourplex MSA: Albuquerque Zoning: SU-1 - Special Use Zone Buildings: 1 Terms: Cash to Seller Added: 12/12/2017