NM Apartment Advisors is excited to bring to back to market this amazing 1980s vintage downtown Albuquerque apartments 1021 Coal SWGated community with 29 units, two downtown parking lots, laundry facility and three x 2 car garages plus a management office.Measures of investment performance at ask price of $2,050,000 and current average rent of $543 are a GRM of 10.84, a 5.69% cap rate, $70,690 per unit, $116/sf.If rents are raised to market average of $870, measures of investment performance increase to a GRM of 6.69, and a 10.33% cap rate.Don't miss out - this was part of a larger portfolio that just sold and provides us with two recent comparable sales on the same street - all cash investors range between 5.6% cap rate, $70,690 per unit, $116/sf.If rents are raised
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Listing information last updated on June 17th, 2019 at 6:58pm MDT.