Property Description
New Mexico Apartment Advisors is pleased to bring El Pueblito, a 15 unit apartment community back to market. Available for the first time in decades, this value add opportunity is an amazing chance to build on the pueblo modern architecture while pursuing the double digit rent growth the city of Albuquerque is currently undergoing.Located on a traffic calming cul-de-sac, 300-314 Rhode Island SE has classic NM architecture in a three building family compound layout.With the average rents of $576 and at the ask price of $956,188 the measures of investment performance include a GRM of 9.22, a before reserves cap rate of 6.81% and an after tax IRR of 16.9%.
Features
: Wall Furnace
: Evaporative Cooling, Window Unit(s)
: Refrigerator
$0
Address Map
NM
Bernalillo
Albuquerque
87108
300 Rhode Island Street SE
0
W107° 26' 31.5''
N35° 4' 18.5''
Additional Information
NM Apartment Advisors, Inc.
Todd D Clarke
$0
0 Sqft
: Frame
391
71 - Southeast Heights
From I-40 and Louisiana, south to Bell, east to property.
$0
: Tile
Cash,Conventional
$0
1
101905631749311610
2
Casas Serenas
$2,689
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Connected, Phone Connected
3.0%
20350995
71 - Southeast Heights

Residential Income

300 Rhode Island Street SE, Albuquerque, New Mexico 87108

1 Bedrooms
1 Bathrooms
27,007.20 Sqft
Visits : 805 in 596 days
$956,188
Listing ID #1032229
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1032229
Price : $956,188
Bedrooms : 1
Bathrooms : 1
Year Built : 1956
Acres : 0.62 Acre
Lot Area : 27,007.20 Sqft
Status : Pending
Property Sub Type : Multi Family
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