509 Virginia Ne, Albuquerque, 87108

1Bed
1Bath
1,668Sqft
.11Acres
1940Built
26DOM

$139,500

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: Active

Community Information

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

Amenities

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

Interior

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

Exterior

Construction: Frame

Additional Information

Date Listed: March 7th, 2020
Days on Market: 26

Listing Details

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

Financials

$/SqFt: $84

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 April 7th, 2020 at 4:56pm MDT.