200 Hermosa Drive NE, Albuquerque, NM 87108

$1,335,114
11,369
SqFt
List Price
$1,335,114
MLS#
933102
Property Type
Multifamily
Sqft. of Residence
11,369
Lot Size
20,037
Region
UNM
Status
PENDING
Estimated Age
41 - 50

Property Description

This is the first time this property has been available since 1994.The property, 200 Hermosa NE, occupies a full block from Hermosa to Solano on the north side of Copper and has a high walk (91), bike (99), and transit (41) scores (note - the property is about 300' north of the new ART Stop).At the ask price of $1,355,114 and an average rent of $517, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.85%, a price per unit of $63,577, a price per square foot of $117.42 and a before tax IRR of 17.50%.If rents were raised to market of 658, the measure of investment performance improve to a cap rate of 8.08%, and a cash on cash of 10.71%.Owner is open to seller financing, with a down payment of no less than 25%, interest rate of 6%, a 30 year amort, 5

Additional Information

County
Bernalillo
Subdivison
College View Add
Age
41 - 50
Acres
0.46
Approximate Taxes
5750.58
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional, Owner Financing
Floor Number
21
Flooring
Carpet
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
21
Total
2
Utilities
All City
Zoning
MX-T*

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.