3611 Tyson Pl NE - Multi-Family FOR SALE


Albuquerque, NM 87107- Alta Monte
$570,000 USD
505-440-8633
3611 Tyson Pl NE, Albuquerque, NM for Sale
$570,000 USD
Multi-Family - FOR SALE
1/8
null | 7.01% Cap Rate

3611 Tyson Pl NE
Albuquerque, NM 87107
Alta Monte


HIGHLIGHTS

  • Large units
  • Far NE Heights locations
  • Part of larger 25 unit portfolio in same neighborhood

OVERVIEW

On behalf of the owner, NM Apartment Advisors Inc., is excited to take to market this fourplex that is part of a larger 25 unit portfolio centrally located Alta Monte neighborhood. Located at 3611 Tyson NE, this fourplex has spacious two bedroom, one bathroom units with fireplaces and a common area laundry This fourplex and the larger portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy. At the ask price $570,000 and of based on the current average rents of $1,393 per month, the property’s measures of investment performance include a 8.53 GRM, 6.84% cap rate before reserves, before tax IRR of 15.1% and an after-tax IRR of 12.9%. If rents were raised to market average of $1,500, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 7.74% cap rate. Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market. Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD

FOR SALE DETAILS

PRICE

$570,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

4

PRICE/UNIT

$142,500

CAP RATE

7.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tyson fourplex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-ML

APN/PARCEL ID

10160606048819141008

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.