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600 Morris Street NEAlbuquerque, New Mexico NM87123-2876


StatusPending
Bedrooms1
Total Baths1
Square Feet 34,581
Acres 1.120
CountyBernalillo
Year Built1982
Property TypeResidential Income
Sub TypeMulti Family
Description

Located across the street from the Presidio, a high end residential gated community, and walking distance to a Walmart Super Center, power boxes, and restaurants, this community has an abundance of retail amenities for their residents. The property is also located in close proximity to Kirtland Air Force Base, Sandia National Laboratories, and Albuquerque's biking/hiking trail system.This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes, high speed internet and the development of private yard spaces.CORE AssetMeasures of investment performance at the ask price of $4,988,057 and current average rents of $709 a month are a GRM of 11.28, a 5.98% cap rate, $95,924 per unit, $144/sf.

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.

Schedule a Showing - MLS ID 1018368


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Venturi Realty Group

1119 Alameda Blvd NW
Albuquerque, NM 87114
Phone: 505-448-8888
Contact

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