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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 ID1018368
Price$4,988,057
StatusPending
Bedrooms1
Total Baths1
SqFt 34,581
Acres 1.120
CountyBernalillo
Year Built1982
Property TypeResidential Income
Property Sub TypeMulti Family

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Myers & Myers Real Estate, Inc.
Albuquerque, NM 87122
United States
Phone: 505-401-7500

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