530 Tennessee Street Ne Albuquerque, NM 87108

4 Units
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$453,550 Est. $1,670 / mo.*
Details Directions
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Property Type: Quadruplex
Status: Active
Year Built: 1985
Neighborhood: Mesa Verde Addition
Days on Website: 36

Courtesy of NM Apartment Advisors, Inc..

Description

Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. A recently vacated unit is available for an owner-occupant and with an ask price of the current average rents of $1,050, and an ask price of $453,550 the measures of investment performance include a price per unit of $113,387, price per square foot of $126.27, a GRM of 9.00, an after reserves cap rate of 6.50%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 8.47%.The property is well located at 530 Tennessee NE and is close to grocery stores, Uptown, University area and so much more. The property is also across the street from the Mesa Verde park and the Community Center

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 3592
  • Building Area: 3592
  • Construction Materials: Brick,BrickVeneer,Frame,Stucco
  • Levels: Two
  • Year Built: 1985
  • Flooring: Carpet,Vinyl
  • Heating: Central,ForcedAir
  • Days on Market: 8
  • Listing Price: 453550
  • Status: Active
  • Address: 530 Tennessee Street NE
  • Area: 70 - Fairgrounds
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Subdivision: Mesa Verde Addition
  • Directions: From Louisiana and Lomas, east to Tennessee, south to property.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected

Location

$453,550 - 530 Tennessee Street Ne, Albuquerque, NM 87108
530 Tennessee Street Ne Albuquerque, NM 87108
Address: 530 Tennessee Street NE

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