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Listing 9 out of 1,580
$495,000 For Sale

415 Marquette Avenue NE
Albuquerque, NM 87102

5 units | Multi Family Home
9583 sq ft - MLS# 913222
Property Photo
1/6

Description

NM Apartment Advisors is proud to bring this new listing to market - a house + fourplex in historic Martineztown, just south of EDO, east of Innovation district of downtown Albuquerque. Property has a high walk score (82), transit score (57), and bike score (84).Measures of investment performance include: on Actual average rents of $825, GRM of 10, 6.0% after reserves CAP rate, before tax IRR of 17.3% and after tax IRR of 13.60%.Recent comparable sales and competing available properties indicates a value orange of $541,295 - $553,821.

DIRECTIONS: From I-25 & I-40 - South To Martin Luther King Exit, West To Edith, South To Marquette, West - Property Is One Lot Away From The Corner.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87102
  • Year Built: 1944
  • Age: 50+
  • Subdivision/Neighborhood: Belvidere Add
  • Sq.Ft.: 5,182 sq ft
  • Stories: 2
  • Units: 5 units
  • Lot Size: 9583 sq ft
  • Zoning: R-1C*
  • 5+ Units: Yes
  • Amenities: No Landscaping, Owners Unit
  • Appliances included: Refrigerator
  • Construction: Frame
  • Cooling: Evaporative
  • Exterior Material: Stucco
  • Flooring: Tile
  • Heating: Gas
  • Lot SqFt: 9583.20
  • SqFt Source: Professional
  • Total # of Buildings: 3
  • Unit 1: 1, 4-Bed, 3-Bath, House
  • Unit 2: 3, 1-Bed, 1-Bath
  • Unit 3: 1, 2-Bed, 1-Bath
  • Unit Summary: Annualized: 49500
  • Unit Summary: Average Actual Rent: 825
  • Unit Summary: Average Unit Size: 1036.40
  • Unit Summary: Total Actual Rent: 4125
  • Unit Summary: Total Units: 5
  • Utilities: All City
Courtesy of Nm Apartment Advisors, Inc., Todd D Clarke, (505) 440-8633

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Doug Cowan

Doug Cowan

NMSL#16748
Cowan & Associates, Realtors®
Albuquerque, NM 87154

505-259-6983
Contact Me

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PO Box 21068 - Albuquerque, NM 87154
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