Property Type:
Residential Income
Square Footage:
30,849
Lot Size (sq. ft.):
50,384
Status:
Closed
Current Price:
$3,000,000
List Date:
9/28/2020
Last Modified:
1/01/2021
Overview
Description
This clean, gated, well-maintained complex is within walking distance to UNM and in the heart of ABQ, making these studio units easy to rent. In addition to the two three-story buildings, the site has sidewalks, patios, and paved open parking. Landscaping includes xeriscaping and trees and shrubs. Many of the units have been remodeled with vinyl plank flooring, ceramic tile bathrooms and an updated kitchenette area. Laundry facilities and an managers office are on site. Average unit rents are $550 giving this property a GRM of 5.83! The cap rate of 10.13% makes this investment property an easy decision to make.
Last Updated: January - 01 - 2021
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