Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$579,429
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12229 Menaul Boulevard Albuquerque, NM 87112
Triplex
Residence
3
Beds
2
Baths
3,107
Sq. Ft.
0.19
Acre
Lot
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Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.E...ach residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.
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MLS#
1053809
Property Type
Triplex
Bedrooms
3
Bathrooms
Year Built
1977
Square Feet
3,107
sq. ft
Lot Size
0.19
Sewer
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