715 Fruit Avenue, Albuquerque, 87102



Todd D Clarke
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NM Apartment Advisors is very excited to bring to market this fourplex is located in Downtown Albuquerque at 715 Fruit NW, this property has a high walk (88), bike (71), and transit (57) scores.The property's is walking distance to the central business district.At the ask price of $385,500 and an average rent of $710, the measure of investment performance include a GRM of 11.31, a CAP rate of 5.24%, a price per unit of $96,375, a price per square foot of $150.29 a before tax IRR of 11.10%.If rents were raised to market of $751, the measure of investment performance improve to a cap rate of 5.54%.

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: Owners Unit
Utilities: All City


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


Construction: Frame

Additional Information

Date Listed: November 6th, 2018
Days on Market: 132
Zoning: R-ML*

Listing Details

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

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Listing information last updated on March 20th, 2019 at 3:26am MDT.