Albuquerque, NM 87107
The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along North America's largest bosque forest which straddles either side of the Rio Grand River. Residents can explore the Rio Grande Nature Center State Park, or meet up with friends in historic charming Old Town. If you believe your residents dream morning consists of sipping tea / coffee while they listen to the geese and cranes honk as they pass over head along their migration patterns then this place is for you and them! Rents are on the rise in this property and so is the new price. With an average rent of $1,266 and an ask price of $3,400,000 the measure of investment performance for this property are a GRM of 13.16, cap rate before reserves of 5.42%, $200k.
Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 03 - 2022
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