4113 Atrisco - 4201-4209 Drive NW
Albuquerque, NM 87120

Description

This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities.Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit - 3/2 + 2 car garage as well as a small onsite management office.Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%.Value in 3rd party management, charging for storage units & raising rents.

Details

MLS#940537
Sub-TypeResale
StatusActive
Year2006
Days On Site59

Features

SQ Feet26,954
Units30
Building(s)8

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87120
Area111 - Ladera Heights
Listing VS Median (in 87120)
Price:
$2,272,500
low | high
Med:
$210,000
100% of Average
SqFt:
26,954
low | high
Med:
2,132
100% of Average
$ / SqFt:
$84
low | high
Med:
$98
33.170793627205% of Average
On Site:
59
low | high
Med:
14
100% of Average
Listing Updated: 05/25/2019
MLS Number: 940537
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.
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