511 Spruce St SE - Multi-Family FOR SALE


Albuquerque, NM 87106- Silver Hill
$850,000 USD
505-504-8883
511 Spruce St SE, Albuquerque, NM for Sale
$850,000 USD
Multi-Family - FOR SALE
1/12
null | 7.28% Cap Rate

511 Spruce St SE
Albuquerque, NM 87106
Silver Hill


HIGHLIGHTS

  • 100% occupied with established in-place cash flow
  • Four Fully Furnished Units
  • 5 completely renovated units

OVERVIEW

-100% occupied with established in-place cash flow -Four Fully Furnished Units -5 completely renovated units -Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint -Unit Mix Supports Diverse Rental Demand -Strong historical occupancy and income performance as fully furnished rentals -Strong Historical Occupancy -Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

7.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Multifamily Investment Near UNM

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1-015-057-179176-3-09-09

ASK ABOUT THIS PROPERTY

Luke ScarpaNAI Sun VistaMore Info
505-504-8883

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Luke ScarpaNAI Sun VistaMore Info
505-504-8883

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