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Multifamily For SALE
7600 Central Ave SE - Value-Add Multifamily with Substantial Upside
7600 Central Ave SE, Albuquerque, NM 87108
Details
- Category Multifamily
- Status AVAILABLE
- Type For Sale
- Lot Size 0.62 Acres
- Building Size 20,076 SF
- Number of Units 20
- APN 101905716808030426
- Asking Price $1,245,000
Description
ORIGINAL CONSTRUCTION DATE: 1950
SALE PRICE $1,245,000
• Before Tax IRR: 26.50%*
• After Tax IRR: 20.19%*
• Actual GRM: 7.39
• Pro Forma GRM: 6.21
• Asking Cap Rate: 6.82%
• Pro Forma Cap Rate: 9.66%
*At an assumed 75 LTV, 5.8% rate, 5-year loan with a $55,000 renovation budget in year 1
AVAILABLE
• 21 Units (Shell 22nd Unit): (7) Studio (±231-281 SF) (13) 1 Bed/1 Bath (±422 SF) (1) 3 Bed/1 Bath
• Total Buildings: ±10,515 SF
• Land: ±0.63 Acres
Listing Brokers
Investment Properties, Multifamily
Sarah Raboff
- Direct505 338 9871
- Office505 878 0001
- Mobile505 690 3232
- Emailsarahr@sunvista.com
