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3611 Tyson Pl NE - Tyson fourplex 4 Unit Apartment Building Offered at $791,445 CAD at a 7.01% Cap Rate Albuquerque, NM 87107
INVESTMENT HIGHLIGHTS
- Large units
- Part of larger 25 unit portfolio in same neighborhood
- Far NE Heights locations
EXECUTIVE SUMMARY
On behalf of the owner, NM Apartment Advisors Inc., is excited to take to market this fourplex that is part of a larger 25 unit portfolio centrally located Alta Monte neighborhood.
Located at 3611 Tyson NE, this fourplex has spacious two bedroom, one bathroom units with fireplaces and a common area laundry
This fourplex and the larger portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.
At the ask price $570,000 and of based on the current average rents of $1,393 per month, the property’s measures of investment performance include a 8.53 GRM, 6.84% cap rate before reserves, before tax IRR of 15.1% and an after-tax IRR of 12.9%.
If rents were raised to market average of $1,500, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 7.74% cap rate.
Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.
Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
Located at 3611 Tyson NE, this fourplex has spacious two bedroom, one bathroom units with fireplaces and a common area laundry
This fourplex and the larger portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.
At the ask price $570,000 and of based on the current average rents of $1,393 per month, the property’s measures of investment performance include a 8.53 GRM, 6.84% cap rate before reserves, before tax IRR of 15.1% and an after-tax IRR of 12.9%.
If rents were raised to market average of $1,500, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 7.74% cap rate.
Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.
Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$89,515
|
$26.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,515
|
$26.20
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,386
|
$10.36
|
| Net Operating Income |
$54,129
|
$15.85
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $89,515 |
| Annual Per SF | $26.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $89,515 |
| Annual Per SF | $26.20 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,386 |
| Annual Per SF | $10.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,129 |
| Annual Per SF | $15.85 |
PROPERTY FACTS
| Price | $791,445 CAD | Property Type | Multifamily |
| Price Per Unit | $197,861 CAD | Building Size | 3,416 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.01% | Year Built | 1985 |
| Gross Rent Multiplier | 8.53 | Opportunity Zone |
Yes
|
| No. Units | 4 | ||
| Zoning | R-ML | ||
| Price | $791,445 CAD |
| Price Per Unit | $197,861 CAD |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| Gross Rent Multiplier | 8.53 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,416 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Opportunity Zone |
Yes |
| Zoning | R-ML |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,934 CAD | 854 |
1 1
Bike Score®
Very Bikeable (70)
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3611 Tyson Pl NE - Tyson fourplex
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