Property Type:
Residential Income
Square Footage:
34,581
Lot Size (sq. ft.):
49,005
Status:
Closed
Current Price:
$4,988,057
List Date:
7/05/2022
Last Modified:
3/28/2023
Overview
Description
Located across the street from the Presidio, a high end residential gated community, and walking distance to a Walmart Super Center, power boxes, and restaurants, this community has an abundance of retail amenities for their residents. The property is also located in close proximity to Kirtland Air Force Base, Sandia National Laboratories, and Albuquerque's biking/hiking trail system.
This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes, high speed internet and the development of private yard spaces.
CORE Asset
Measures of investment performance at the ask price of $4,988,057 and current average rents of $709 a month are a GRM of 11.28, a 5.98% cap rate, $95,924 per unit, $144/sf.
Last Updated: March - 28 - 2023
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