Property Description
Cap Rate: 6.08%;Year 2-3 Pro Forma Cap Rate: 8.60%;GRM: 9.97;Year 2-3 Pro Forma GRM: 8.39;Year 2-3 Projected Cash-on-Cash Return: 9.32% to 16.91% *65 LTV 7.15% Fixed Loan & 80 LTV Affordable 4.85% Loan, respectively.Building Age: 1977.Property Highlights: Marble’s Renovated Units Lease 31.12% Higher than those Not Renovated. Projected Year 2-3 Gross Income Growth: 18.96%. Substantial Capital Improvements 2018-2023. Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA. Situated in a Well-Maintained Office Corridor. Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%. Decommissioned Shared-Laundry Facility. In-Place Utility Reimbursement (RUBS).
Features
: Floor Furnace
: Evaporative Cooling
: 24
: Refrigerator, Range Hood
$0
Address Map
NM
Bernalillo
Albuquerque
87110
8101 Marble Avenue NE
0
W107° 26' 37''
N35° 5' 21.7''
Additional Information
NAI SunVista Commercial RE
Sarah Raboff
: Wheelchairaccess
$0
11,169 Sqft
: Frame
12
Head west on Lomas Blvd NE. Turn left onto Pennsylvania St NE. Go for 492 ft. Then, turn right onto Marble Ave NE. Go for 0.2 mi. The ''subject'' property is situated on the northwest corner of Texas Street NE and Marble Ave NE.
: Other
$0
: Landscaping
: Tile, Vinyl
Cash,Conventional,FHA,InvestorFinancing,VA Loan
$0
1
Not Available
$7,749
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
2%
21313521
70 - Fairgrounds

Residential Income

8101 Marble Avenue NE, Albuquerque, New Mexico 87110

2 Bedrooms
1 Bathrooms
11,169 Sqft
Visits : 276 in 187 days
$1,600,000
Listing ID #1044190
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1044190
Price : $1,600,000
Bedrooms : 2
Bathrooms : 1
Square Footage : 11,169 Sqft
Year Built : 1977
Acres : 0.65 Acre
Lot Area : 28,314 Sqft
Status : Pending
Property Sub Type : Multi Family
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