121 General Arnold Street Ne Albuquerque, NM 87123

6 Units
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$515,000 Est. $1,832 / mo.*
Details Directions
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Property Type: Multifamily
Status: Active
Year Built: 1980
Neighborhood: Waggonman Denision Addition
Days on Website: 245

Courtesy of NM Apartment Advisors, Inc..

Description

Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 4136
  • Building Area: 4136
  • Construction Materials: Frame
  • Levels: Two
  • Year Built: 1980
  • Details: EvaporativeCooling
  • Flooring: Carpet,Tile
  • Heating: Central,ForcedAir
  • Days on Market: 186
  • Listing Price: 515000
  • Status: Active
  • Address: 121 General Arnold Street NE
  • Area: 50 - Northeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87123
  • County: Bernalillo
  • Subdivision: Waggonman Denision Addition
  • Directions: From I-40 and Eubank, south to Central, East to General Arnold, north to property
  • Acres: 0.17
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected

Location

$515,000 - 121 General Arnold Street Ne, Albuquerque, NM 87123
121 General Arnold Street Ne Albuquerque, NM 87123
Address: 121 General Arnold Street NE

Street View

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