509 Virginia Ne, Albuquerque, 87108



Todd D Clarke
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NM Apartment Advisors is excited to bring to market a triplex locate at 509 Virginia NE - this property is close to Kirtland Air Force Base, Sandia National Laboratories and all of the new restaurants along Central between Wyoming to Eubank.At the ask price of $139,500 and an average rent of $580 the measure of investment performance include a GRM of 7.03, a CAP rate of 7.50%, a price per unit of $46,500, a price per square foot of $83.63 and an after-tax IRR of 16.30%.Seller is open to Buyer assuming existing NM Real Estate Contract - $113,000, 6.5% interest, P&I of $726 + escrow for taxes and insurance. Buyer must qualify with background/credit check and financial statement.

Essential Information

MLS® #: 964027
Price: $139,500
Bedrooms: 1
Bathrooms: 1.00
Square Footage: 1,668
Acres: 0.11
Year Built: 1940
Type: Residential Income
Sub-Type: Triplex
Status: Pending

Community Information

Address: 509 Virginia Ne
Area: 70 - Fairgrounds
Subdivision: Mesa Verde Addition
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87108


Utilities: Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected


Interior: Tile
Appliances: Refrigerator
Heating: Other, See Remarks
Cooling: Other, See Remarks
# of Stories: 1


Construction: Frame

Additional Information

Date Listed: March 7th, 2020
Days on Market: 142

Listing Details

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


$/SqFt: $84

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Listing information last updated on August 5th, 2020 at 4:26am MDT.