200 Madison & 204 Ne Street, Albuquerque, NM 87108

$853,050
2
BD
1
BA
4,978
SqFt
List Price
$853,050
MLS#
978217
Status
ACTIVE
Number of Units
6
County
Bernalillo
City
Albuquerque
Subdivision
Heights Reservoir Addn
Bedrooms
2
Bathrooms
1
Living Area
4,978
Acres
0.49

Property Description

Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access.At the start price of $853,050 and an average rent of $968 the measure of investment performance include a GRM of 12.88, a CAP rate of 5.28%, a price per unit of $142,175, a price per square foot of $171.36 and an after-tax IRR of 14.40%. If rents are raised to the market average of $1,033, measures of investment performance improve to a GRM of 11.47, a Cap rate of 6.03% and a cash on cash of 7.25%.The owner is open to selling the triplexes separately, so l

Additional Information

Days on Market
19
Year Built
1951
Stories
1
Cooling
Evaporative Cooling
Heating
Central, Forced Air
Exterior Features
Landscaping

Mortgage Calculator

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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.