12404 Rosemont Ave NE - Apartments FOR SALE


Albuquerque, NM 87112- Monterey Manor
$444,444 USD
505-440-8633
12404 Rosemont Ave NE, Albuquerque, NM for Sale
$444,444 USD
Apartments - FOR SALE
1/21
null | 8.31% Cap Rate

12404 Rosemont Ave NE
Albuquerque, NM 87112
Monterey Manor


OVERVIEW

The property is being marketed using the BID process, with a set date and time for property tours and a fixed offer deadline. In the event of multiple offers, the Seller will be inviting only the top 50% of buyers to a best and final round. With a start price of $444,444 and an average rent of $1,118 the metrics of investment performance are a GRM 8.29, 8.52% cap rate, IRR after tax 17.7%. - Amazing owner occupant fourplex - close to park Why this asset deserves attention: -Rare fourplex in a neighborhood setting -Adjacent park enhances resident appeal -Strong Northeast Heights rental demand -Larger unit sizes than many competing rentals -In-place income with growth potential

FOR SALE DETAILS

PRICE

$444,444 USD

PRICE/SF

$120 USD /SF

# OF UNITS

4

PRICE/UNIT

$111,111

CAP RATE

8.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12404 Rosemont NE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,334 SF

ZONING

-

APN/PARCEL ID

1-022-058-178170-3-09-17

ASK ABOUT THIS PROPERTY

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

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Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.