913 NAKOMIS DRIVE NE
Albuquerque, NM 87112
3017 sqft | 2 beds | 0.20 acres | #1074713
Description
Awesome opportunity to own a far northeast heights four plex that has never been offered for sale since construction in 1975. Perfect for owner occupants or an investor looking for an upscale property with improvable rents. The property was built by a well-known Albuquerque home builder and has remained in his portfolio since its completion. The property consists of one 800 square foot unit with a back yard, and three 750 square units. All units are two bedrooms, one bathroom. All kitchens feature dishwashers and disposals. The larger unit has a retro wood burning fireplace! Current rents and expenses with a 5% allowance for vacancies and a 5% repair allowance result in a CAP rate of 5.0 and a GRM of 13.5. If rents were raised to $1250 a month the result is a CAP rate of 8.1 and a
Property Details
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
- Property TypeMulti-Family
- CountyBernalillo
- Property SubtypeQuadruplex
- Original List Price$550,000
- MLS #1074713
- MLS #1074713
- Taxes Annual$3,003
- Cost550000
- Square Feet3017
- Year Built1975
- Acres0.2
- Bedrooms2
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: SWMLS
Listing Courtesy
Listing Agent: Frederick Reed (#breed)
Listing Office: ABQ Properties LLC (#ABQP02)
Listing Courtesy (Buyer)
Buyer's Agent: Eric B Harris (#harriser)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
