Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$696,778
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3436 Ross Avenue Albuquerque, NM 87106
Multi-Family
Residence
1
Beds
1
Baths
6,112
Sq. Ft.
0.22
Acre
Lot
Property Activity
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days
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Unique southern New Mexico architecture combined with courtyard spaces and refrigerated air conditioning, this property is positioned well for the value add investor who recognizes that current average rents are 43% below market rents for the area.Located at 3436 & 3440 Ross SE, each building has it...s own deeded lot.Measures of investment performance at ask price of $696,778 and current average rent of $625 are a GRM of 11.61, a 4.63% cap rate, $97,097 per unit, $114/sf. Your color by numbers, step by step process go get close to a final market value of $1,025,000 include (call listing broker to discuss).
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MLS#
1062316
Property Type
Multi-Family
Bedrooms
1
Bathrooms
Year Built
1972
Square Feet
6,112
sq. ft
Lot Size
0.22
Sewer
Sewer Connected
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