Albuquerque Premier Agent
A.J. (AJ) Woodson
505-480-4465505-480-4465

1422 4th Street Nw, Albuquerque, NM 87102 (MLS # 921090)

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PRICE $450,000
BEDS n/a
BATHS 0 baths
HOME SIZE 5,738 sq ft
LOT SIZE 13,503 sqft

Located just north of the downtown skyline in the historic Wells Park neighborhood, this 12 unit apartment price reflects the overall condition and upside potential. Property contains small units that average $557 a month in rents. Measure of investment performance at the starting ask price of $450,000 include a GRM of 5.61, a 9.40% Cap rate (after reserves, 10.0% before), 14.80 Cash on cash, and a 20.70% after tax IRR. Recent appraisal was $572,000 - and recent comps indicate a value closer to $533,626, and if the average rent was increased to market of $729, that comparable sales price a 11.9% CAP rate. In short, this property is all upside. Co-Listed with Chuck Sheldon of T & C management. Property is being sold using BID Process

DAYS ON MARKET 5 LAST UPDATED 6/13/2018
TRACT Anderson Add YEAR BUILT 1933
COMMUNITY Downtown Area COUNTY Bernalillo
STATUS Active PROPERTY TYPE(S) MultiFamily


ADDITIONAL DETAILS
5+ UNITS Yes
AMENITIES Walled Complex
APPLIANCES INCLUDED Refrigerator
BASEMENT: BASEMENT No
CONSTRUCTION Frame
COOLING Evaporative
DISABILITY ACCESS Unknown
EXTERIOR MATERIAL Stucco
FLOORING See Remarks
GRT CODE 02-100
HEATING Gas, Wall Unit
LEAD BASE PAINT Yes
MULTIPLE LOTS Four
OWNER OCCUPANT UNIT No
PROPERTY SUB-TYPE 9 or More Units
PROPERTY TYPE C
RENTAL INFO Other - See Remarks
STORIES 1
UTILITIES All City
YEAR BUILT EXCEPTION Unknown
Listed with NM Apartment Advisors, Inc.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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1422 4th Street Nw, Albuquerque, NM

RENT ZESTIMATE
$ / mo.  1422 4th Street Nw, Albuquerque, NM

55 Somewhat Walkable

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