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

NM Apartment Advisors is very excited to bring to market this fourplex is located in Downtown Albuquerque at 715 Fruit NW, this property has a high walk (88), bike (71), and transit (57) scores.The property's is walking distance to the central business district.At the ask price of $385,500 and an average rent of $710, the measure of investment performance include a GRM of 11.31, a CAP rate of 5.24%, a price per unit of $96,375, a price per square foot of $150.29 a before tax IRR of 11.10%.If rents were raised to market of $751, the measure of investment performance improve to a cap rate of 5.54%.

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 33
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
Disability Access Unknown
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 $480K
AVG $2,606
AVG 52
Year Built
AVG 1928

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