BEDS8
BATHS
SQUARE FEET3,100
MLS#1103323
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONThe Replat Of Lands Of Contrends Ltd
Property Description
Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units.The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments. With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units.Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $4,576
Year Built: 1984
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Exterior: Frame, Stucco
Flooring: Tile
Laundry: Washer Hookup, Dryer Hookup, In Unit
Parcel#: 101605624909630203
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
Estimate Your Payment
Estimated Payment
$ 1,760.60 per month $1,219.46 Principal & Interest $381.33 Property Tax $159.81 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
1809 Girard Boulevard Se | MLS# 1103323
This multi-family property located at 1809 Girard Boulevard Se, Albuquerque, NM 87106 is currently listed for sale with an asking price of $547,931. Search Albuquerque real estate on www.cblegacy.com today.