715 Fruit Avenue, Albuquerque, 87102

Beds
Baths
Sqft
.18Acres
1916Built
132DOM

$385,500

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

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: 132
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 March 20th, 2019 at 3:26am MDT.