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Renovated Multifamily Investment Near UNM 511 Spruce St SE 6 Unit Apartment Building $1,181,415 CAD ($196,902 CAD/Unit) 7.28% Cap Rate Albuquerque, NM 87106
Investment Highlights
- 100% occupied with established in-place cash flow
- 5 completely renovated units
- Four Fully Furnished Units
Executive Summary
-100% occupied with established in-place cash flow
-Four Fully Furnished Units
-5 completely renovated units
-Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint
-Unit Mix Supports Diverse Rental Demand
-Strong historical occupancy and income performance as fully furnished rentals
-Strong Historical Occupancy
-Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce
-Four Fully Furnished Units
-5 completely renovated units
-Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint
-Unit Mix Supports Diverse Rental Demand
-Strong historical occupancy and income performance as fully furnished rentals
-Strong Historical Occupancy
-Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce
Property Facts
| Price | $1,181,415 CAD | Building Class | B |
| Price Per Unit | $196,902 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,759 SF |
| Cap Rate | 7.28% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1936 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-T - Residential-Townhouse | ||
| Price | $1,181,415 CAD |
| Price Per Unit | $196,902 CAD |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 3,759 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Opportunity Zone |
Yes |
| Zoning | R-T - Residential-Townhouse |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-015-057-179176-3-09-09 | Improvements Assessment | $68,615 CAD |
| Land Assessment | $38,739 CAD | Total Assessment | $107,354 CAD |
Property Taxes
Parcel Number
1-015-057-179176-3-09-09
Land Assessment
$38,739 CAD
Improvements Assessment
$68,615 CAD
Total Assessment
$107,354 CAD
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Renovated Multifamily Investment Near UNM | 511 Spruce St SE
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