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
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 February 26th, 2020 at 2:13am MST.