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Jeanette Raver & Raver Team

8500 Menaul Blvd NE, Suite A-400
Albuquerque, New Mexico 87112
505-554-2213
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Listing 1 out of 1,511
$488,549 For Sale

436 Utah Street
Albuquerque, NM 87108

12 units | Multi Family Home
13504 sq ft - MLS# 935295
Property Photo
1/18

Description

NM Apartment Advisors is excited to bring twelve studio unit property to market at 436 Utah NE. Located in two buildings that face each other across a 0.31 acre lot, this investment is a value add opportunity.Measures of investment performance at ask price of $488,549 and current average rent of $488 are a GRM of 6.95, a 7.50% cap rate, $40,712 per unit, $101.78/sf and a before tax IRR of 21.00 and an after tax IRR of 16.60%.If rents are raised to submarket average of $639, measures of investment performance increase to a GRM of 5.31, a 10.9% cap rate and a 21.50% cash on cash.

DIRECTIONS: From I-40 Wyoming, South To Copper, West To Utah, North To Property

Features

  • Property Type: Multi Family Home
  • Sub Type: 9 or More Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87108
  • Year Built: 1974
  • Age: 41 - 50
  • Subdivision/Neighborhood: Mesa Verde
  • Sq.Ft.: 4,800 sq ft
  • Stories: 2
  • Units: 12 units
  • Lot Size: 13504 sq ft
  • Zoning: R-ML*
  • 5+ Units: Yes
  • Amenities: No Landscaping
  • Appliances included: Refrigerator
  • Construction: Frame
  • Cooling: 2+ Units
  • Exterior Material: Stucco
  • Heating: 2+ Units
  • Lot SqFt: 13503.60
  • SqFt Source: Professional
  • Total # of Buildings: 2
  • Unit 1: 12, 1-Bath
  • Unit Summary: Annualized: 70272
  • Unit Summary: Average Actual Rent: 488
  • Unit Summary: Average Unit Size: 400
  • Unit Summary: Total Actual Rent: 5856
  • Unit Summary: Total Units: 12
  • Utilities: All City
Courtesy of Nm Apartment Advisors, Inc.



Jeanette Raver and The Raver Team
8500 Menaul Blvd NE, Suite A-400
Albuquerque, NM 87112
Office: 505-554-2213
Email: jeanette@raverteam.com

Testimonials

My experience with Jeanette was wonderful. She was there to walk me through the stressful process from start to finish. You cannot say that about most realtors these days. Jeanette treated me more like a friend then a client. If you are looking to sell, buy, or sell and buy a home, I would look no further. She is honestly the most trustworthy realtor I have come by. Previous Client
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