12229 Menaul Boulevard Ne Albuquerque, NM 87112

3 Units
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$579,429 Est. $2,061 / mo.*
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Property Type: Triplex
Status: Active
Year Built: 1977
Neighborhood: Brentwoods Hills
Days on Website: 146

Courtesy of NM Apartment Advisors, Inc..

Description

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 3
  • Area: 3107
  • Building Area: 3107
  • Construction Materials: Frame
  • Levels: One
  • Year Built: 1977
  • Details: EvaporativeCooling
  • Flooring: Tile
  • Heating: Central,ForcedAir
  • Days on Market: 96
  • Listing Price: 579429
  • Status: Active
  • Address: 12229 Menaul Boulevard NE
  • Area: 50 - Northeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87112
  • County: Bernalillo
  • Subdivision: Brentwoods Hills
  • Directions: From I-40 Tramway, north on Tramway to Menaul, west to property
  • Acres: 0.19
  • Size: 0
  • Size Source: PublicRecords
  • Parking Total: 4
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected

Location

$579,429 - 12229 Menaul Boulevard Ne, Albuquerque, NM 87112
12229 Menaul Boulevard Ne Albuquerque, NM 87112
Address: 12229 Menaul Boulevard NE

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