Albuquerque, NM 87108
Did you know that the average fourplex sales price of $314,948 reflects an appreciation of 38% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? NM Apartment Advisors is excited to have listed these recently renovated side by side fourplexes at 618 & 620 Chama SE. New roof, deck/stair balusters, LED floodlights, electrical panels and complete interior renovations. 7 of the 8 units have new hot water heaters and furnaces as well. Each fourplex sits on its own parcel of land and can be acquired for $298,999.99. Owner would prefer to sell as a package and at the ask price of $597,997.98 and an average rent of $634 the measure of investment performance include a GRM of 9.83, a CAP rate of 5.72%.
Listing Office: NM Apartment Advisors, Inc.
Last Updated: December - 03 - 2021
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