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220 Princeton Dr 4 Unit Apartment Building $753,610 CAD ($188,403 CAD/Unit) 6.12% Cap Rate Albuquerque, NM 87106
Executive Summary
This unique fourplex is owned by Todd and Kahleetah Clarke's son, Zakery. The Property carried Zak through his undergraduate and graduate degree. Now he's selling because he's moved on to a successful job in Artificial Intelligence programming and lives in New York City.
The Clarke's goals for each of their kids was simple: own an appreciating asset where the family can control their housing situation, minimize rent increases, and lower the friction to being on campus by being able to roll out of bed and walk to campus is just a few hundred steps. If this matches your family’s goals, this is the place for you.
This community contains a total of four units that include a detached casita efficiency, two unique one bedroom/one bath-room apartments, and a larger two bedroom in the main house. Character and quality updates abound. The property has an inviting community feel with a central, secured outdoor living space that is shared amongst the residents. It offers quick and easy access to UNM, CNM, Smith’s grocery store and dozens of Nob Hill's best retail shops and restaurants.
The Clarke's goals for each of their kids was simple: own an appreciating asset where the family can control their housing situation, minimize rent increases, and lower the friction to being on campus by being able to roll out of bed and walk to campus is just a few hundred steps. If this matches your family’s goals, this is the place for you.
This community contains a total of four units that include a detached casita efficiency, two unique one bedroom/one bath-room apartments, and a larger two bedroom in the main house. Character and quality updates abound. The property has an inviting community feel with a central, secured outdoor living space that is shared amongst the residents. It offers quick and easy access to UNM, CNM, Smith’s grocery store and dozens of Nob Hill's best retail shops and restaurants.
Property Facts
| Price | $753,610 CAD | Property Subtype | Apartment |
| Price Per Unit | $188,403 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.12% | Building Size | 2,200 SF |
| Gross Rent Multiplier | 11.18 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1936 |
| Property Type | Multifamily |
| Price | $753,610 CAD |
| Price Per Unit | $188,403 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Gross Rent Multiplier | 11.18 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 2,200 SF |
| No. Stories | 1 |
| Year Built | 1936 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 1-016-057-194183-3-24-22 | Improvements Assessment | $95,737 CAD |
| Land Assessment | $24,080 CAD | Total Assessment | $119,817 CAD |
Property Taxes
Parcel Number
1-016-057-194183-3-24-22
Land Assessment
$24,080 CAD
Improvements Assessment
$95,737 CAD
Total Assessment
$119,817 CAD
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220 Princeton Dr
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