311 12th Street Albuquerque, NM
$ 584,000
Property Attributes
  • MLS#932847
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaDowntown Area
  • NeighborhoodReynolds Add
  • Zip87102
  • Style6 Units
  • Year Built1946
  • Taxes2533
  • Price$ 584,000
  • Bedrooms0
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

NM Apartment Advisors is very excited to bring to market this six plex with garages is located in between Downtown Albuquerque and the Country Area at 311 12th SW, this property has a high walk (79), bike (83), and transit (50) scores.The property's is walking distance to the central business district, the Country Club Area, and Old Town Albuquerque.At the ask price of $584,000 and an average rent of $659, the measure of investment performance include a GRM of 12.31, a CAP rate of 5.25%, a price per unit of $97,333, a price per square foot of $167.96 and a before tax IRR of 14.90%.If rents were raised to market of $778, the measure of investment performance improve to a cap rate of 6.47%.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/20/2018 Listed $584,000

General Features

Age 81 - 99
Amenities Some Landscaping
Area 80 - Downtown Area
Builder Unknown
Construction Frame
Days on Market 180
Disability Access Unknown
Finance Considered Cash, Conventional
Legal Description Lots 13 & 14, Block 13, Reynolds Addition
Number of Units 6.00
Property SubType 6 Units
Property Type C
Rental Info Other - See Remarks
Stories 2.0
Subdivision Reynolds Add
Tenant Pays Other - See Remarks
Year Built 1946
Zoning R-ML*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling 2+ Units, Evaporative Cooling
Flooring Tile, Vinyl, Wood
Heating 2+ Units, Gas
Utilities All City

Exterior Features

Acres 0.17
Exterior Material Stucco
Number of Parking Spaces 2.00
Parking 2 or More Garages
Roof Flat


  • 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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