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Address
436 Utah Street Albuquerque, NM
Price
$ 488,549
Property Attributes
  • MLS#935295
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaFairgrounds
  • NeighborhoodMesa Verde
  • Zip87108
  • Style9 or More Units
  • Year Built1974
  • Taxes3393
  • Price$ 488,549
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage4800
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property 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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/11/2019 Listed $488,549

General Features

Age 41 - 50
Amenities No Landscaping
Area 70 - Fairgrounds
Builder Unknown
Construction Frame
Days on Market 170
Disability Access Unknown
Finance Considered Cash, Conventional
Legal Description Lots 18-20, Block 28, Mesa Verde Additon
Number of Units 12.00
Property SubType 9 or More Units
Property Type C
Rental Info Call Listing Broker
Stories 2.0
Subdivision Mesa Verde
Tenant Pays Other - See Remarks
Year Built 1974
Zoning R-ML*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling 2+ Units
Flooring See Remarks
Heating 2+ Units
Utilities All City

Exterior Features

Acres 0.31
Exterior Material Stucco

Amenities

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

Property vs Zip Code Average in 87108

Price
AVG $310K
$490K
Taxes
AVG $2,203
$3,393
Visits
AVG 48
98
Year Built
AVG 1962
1974
Walkscore
AVG 61
32
Data Provided by Walkscore ® not using MLS data

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