308 Jefferson St NE - Apartments FOR SALE


Albuquerque, NM 87108- Nob Hill
$519,335 USD
505-440-8633
308 Jefferson St NE, Albuquerque, NM for Sale
$519,335 USD
Apartments - FOR SALE
1/6
null | 6.56% Cap Rate

308 Jefferson St NE
Albuquerque, NM 87108
Nob Hill


OVERVIEW

ABQ: Presidential streets, ideal for owner occupant – amazing design and offered by the original architect’s family NM Apartment Advisors is excited to bring to market this rare opportunity to own a Nob Hill/UMM area triplex. Built in 1996 by the owners' family and designed by their father, a well known local architect, Allan G Elsik, this is the first time this treasured community has been available for sale. Each unit has two bedrooms and one bathroom and averages 893 sf. The property is owned by an estate and they heir’s do need to cash out. At the current average rents of $1,300, and an ask price of $519,335 the measures of investment performance include a price per unit of $173,112, price per square foot of $193.78, a GRM of 11.10, an after reserves cap rate of 6.56%. 16 page information flyer is available a thttp://www.nmapartment.com/apt/NMAA-Jeff308NE.pdf Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2574308, which can be used for a Buyer’s brokerage fee or a credit to the Buyer. Do not miss out on an opportunity to acquire a well built triplex in one of the strongest rental markets in the country. Thanks, Todd Clarke CCIM CIPS CEO NM Apartment Advisors Inc. (505) 440-TODD

FOR SALE DETAILS

PRICE

$519,335 USD

PRICE/SF

$194 USD /SF

# OF UNITS

3

PRICE/UNIT

$173,112

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Tri-plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-MH

APN/PARCEL ID

1-017-057-347336-1-11-17

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 Policy.