Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$428,763
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12715 DUNES Road Albuquerque, NM 87123
Fourplex
Residence
2
Beds
1
Baths
3,928
Sq. Ft.
0.22
Acre
Lot
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Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.A recen...tly vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
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MLS#
1071142
Property Type
Fourplex
Bedrooms
2
Bathrooms
Year Built
1980
Square Feet
3,928
sq. ft
Lot Size
0.22
Sewer
Sewer Connected
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