MLS# 1078050 – 12120 Candelaria Road Ne, Albuquerque, NM 87112
The property is located close to foothills trails, I-25, Kirtland Air Force Base, Sandia National Laboratories and great local shopping & restaurants. Each townhouse style apartment contains two bedrooms and one bathroom upstairs and 1/2 have bathroom and laundry room downstairs and they are also separately metered for gas and electric. Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the west, 12100 Candelaria NE which is available for sale at $650,000. The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $750,000 and average rents of $1,250 are a GRM of 12.50, a 5.99% cap rate, $187,500 per unit, $185/sf.
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