715 Fruit Avenue, Albuquerque, 87102

Beds
Baths
Sqft
.18Acres
1916Built
342DOM

$385,500

Todd D Clarke
Please provide a valid email address.

The underlying fundamentals for apartment investments continue to improve, as evidenced by the recent rent increases in this owner occupant style fourplex in Downtown Albuquerque with a high walk (88), bike (71), and transit (57) scores.Located at 715 Fruit NW, and offered at the same price, but with an enhanced return due to increasing rents from $710, today they are at $761, representing a 7.18% increase in 4 months.The property's is walking distance to the central business district and biking distance to downtown, old town and a couple dozen brew pubs, and specialty coffee shows. (Think of it as the epicenter for the three B's - bikes, brews, and beer).At the ask price of $385,500 and an average rent of $761 the measure of investment performance include a GRM of 10.55, a CAP

Essential Information

MLS® #: 932029
Price: $385,500
Acres: 0.18
Year Built: 1916
Type: Residential Income
Sub-Type: Four Plex
Status: Active

Community Information

Address: 715 Fruit Avenue
Area: 80 - Downtown Area
Subdivision: Armijo Bros Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87102

Amenities

Amenities: Owners Unit
Utilities: All City

Interior

Appliances: Refrigerator
Heating: 2+ Units
Cooling: 2+Units
# of Stories: 1
Stories: 1 Story

Exterior

Construction: Frame

Additional Information

Date Listed: November 6th, 2018
Days on Market: 342
Zoning: R-ML*

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633

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.

Listing information last updated on November 21st, 2019 at 11:28am MST.