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Multifamily For SALE

7600 Central Ave SE - Value-Add Multifamily with Substantial Upside

7600 Central Ave SE, Albuquerque, NM 87108

View Listing Document

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 $1,280,000

Description

ORIGINAL CONSTRUCTION DATE: 1950
SALE PRICE $1,280,000
Before Tax IRR: 26.33%
After Tax IRR: 19.93%
Actual GRM: 7.68
Pro Forma GRM: 6.24
Asking Cap Rate: 6.36%
Pro Forma Cap Rate: 10.00%
AVAILABLE
21 Units: (7) Studio (±231-281 SF)
(13) 1 Bed/1 Bath (±422 SF)
(1) 3 Bed/1 Bath

Land: ±0.63 Acres

Listing Brokers

Investment Properties, Multifamily

Sarah Raboff

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