Listing Courtesy of: Frederick Reed - ABQ Properties LLC
505-717-3002
505-730-8934
$425,000
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3421 Eastern Avenue Albuquerque, NM 87106
Fourplex
Residence
2
Beds
1
Baths
2,700
Sq. Ft.
0.16
Acre
Lot
Property Activity
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days
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Fully occupied, updated four plex featuring all two bedroom, one bath units. Units 1,2, & 4 have been renovated with new bedroom flooring, new kitchen cabinets and counter tops and stackable washer dryer units. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a... CAP rate of 8.8 and GRM or 8.29. If rents were raised to market rate of $1222.00 a CAP of 11.04 and GRM of 6.99 would be achieved
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MLS#
1072248
Property Type
Fourplex
Bedrooms
2
Bathrooms
Year Built
1960
Square Feet
2,700
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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