2450 Floral Road Nw Albuquerque, NM 87104

2 Units
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$466,888 Est. $1,719 / mo.*
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Property Type: Duplex
Status: Active
Year Built: 1946
Neighborhood: Lot 43, Floral Gardens Subdivision
Days on Website: 2

Courtesy of NM Apartment Advisors, Inc..

Description

The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity

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Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 3
  • Area: 2786
  • Building Area: 2786
  • Levels: Two
  • Year Built: 1946
  • Flooring: Carpet,Tile,Vinyl,Wood
  • Heating: Central,ForcedAir,WallFurnace
  • Days on Market: 0
  • Listing Price: 466888
  • Status: Active
  • Address: 2450 Floral Road NW
  • Area: 101 - Near North Valley
  • City: Albuquerque
  • State: NM
  • Zip: 87104
  • County: Bernalillo
  • Subdivision: Lot 43, Floral Gardens Subdivision
  • Directions: From Rio Grande and I40 north to Floral, west to property
  • Acres: 0.15
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$466,888 - 2450 Floral Road Nw, Albuquerque, NM 87104
2450 Floral Road Nw Albuquerque, NM 87104
Address: 2450 Floral Road NW

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