Listing Courtesy of: Frederick Reed - New Mexico Real Estate Auction
505-868-0996
$399,000
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3409 Eastern Avenue Albuquerque, NM 87106
Fourplex
Residence
2
Beds
1
Baths
2,700
Sq. Ft.
0.16
Acre
Lot
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3409 Eastern SE features four two-bedroom, one-bath units fully rented. Current numbers at the opening bid price provide for a CAP rate of 8.2% and a GRM of 8.81. If rents were raised to the market rent the result would be a CAP rate of 11.2% and a GRM of 6.8. Total expenses for the building, bas...ed on annualized data from March-May of 2024 are $12,640.64 and Net Operating Income of $32,623.36.Recently installed block courtyard walls provides tenants with a private front yard area. Property to be sold by Online Auction with reserve. Purchase separately or with 3413, 3417 and 3421 Eastern SE. List price represents the starting bid amount. Property to be sold by Online Auction with Reserve. Contact listing Broker for auction site information. Offer subject to inspection.
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MLS#
1064896
Property Type
Fourplex
Bedrooms
2
Bathrooms
Year Built
1958
Square Feet
2,700
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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