12361 Mountain Road NE Albuquerque NM 87112 $948,597
Courtesy of: NM Apartment Advisors, Inc.
Property Information
- $948,597
- 1 Bedrooms
- 4,800 Sqft
- Residential Income
- MLS #: 1014056
- For Sale
- 23 Days on market
Property Features
- Neighborhood: Royal Heights Subdivision, 50 - Northeast Heights
- Floors: 1
- Lot Size: 0.27
- Parking Spaces Included: 8
- Status: Active
- Year Built: 1977
- Appliances: Refrigerator
- Area: 50 - Northeast Heights
- Construction Materials: Frame
- Cooling: Refrigerated
- Exterior Features: Landscaping
- Flooring: Vinyl
- Property Subtype: Multi Family
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
Location Map
Courtesy of: NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Updated: 29th May, 2022 10:19 AM (UTC).
