715 Fruit Avenue Albuquerque, NM
$ 385,500
Property Attributes
  • MLS#932029
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaDowntown Area
  • NeighborhoodArmijo Bros Add
  • Zip87102
  • StyleFour Plex
  • Year Built1916
  • Taxes3990
  • Price$ 385,500
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

The underlying fundamentals for apartment investments continue to improve, as evidenced by the recent rent increases in this owner occupant style fourplex in Downtown Albuquerque with a high walk (88), bike (71), and transit (57) scores.Located at 715 Fruit NW, and offered at the same price, but with an enhanced return due to increasing rents from $710, today they are at $761, representing a 7.18% increase in 4 months.The property's is walking distance to the central business district and biking distance to downtown, old town and a couple dozen brew pubs, and specialty coffee shows. (Think of it as the epicenter for the three B's - bikes, brews, and beer).At the ask price of $385,500 and an average rent of $761 the measure of investment performance include a GRM of 10.55, a CAP

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/6/2018 Listed $385,500

General Features

Age Select One
Amenities Owners Unit
Area 80 - Downtown Area
Builder Unknown
Construction Frame
Days on Market 194
Disability Access Unknown
Finance Considered Cash, Conventional, FHA, VA
Legal Description Lots 186 X 187, Block 17, Armijo Brothers Addition
Number of Units 4.00
Property SubType Four Plex
Property Type C
Rental Info Other - See Remarks
Subdivision Armijo Bros Add
Tenant Pays Other - See Remarks
Virtual Tour http://www.nmapartment.com/715fruit3d
Year Built 1916
Zoning R-ML*

Interior Features

5+ Units No
Appliances Included Refrigerator
Basement No
Cooling 2+ Units
Flooring Wood
Heating 2+ Units
Utilities All City

Exterior Features

Acres 0.18
Exterior Material Wood Siding


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87102

AVG $510K
AVG $3,096
AVG 59
Year Built
AVG 1931
AVG 69
Data Provided by Walkscore ® not using MLS data

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