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About This Home
This 1-bedroom, 1-bathroom residential multi family at 419 Monroe Street NE in Albuquerque, NM is listed for $5,317,173 ($161 per sqft). Built in 1960, the home offers 33,000 sqft of living space on a 1.23 acres lot.
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying.
If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw
Key Features
- Built in 1960
- 1.23 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$28,437/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
419 Monroe Street NE
Albuquerque, NM 87108
Heights Reservoir addition
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 1-bedroom, 1-bathroom residential multi family at 419 Monroe Street NE is listed at $5,317,173 ($161/sqft). The estimated monthly payment is $23,041 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 1.23 acre lot, 2 stories. Exterior Features: Landscaping.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
