Listed By NM Apartment Advisors, Inc., Todd D Clarke
300 RHODE ISLAND ST SE Albuquerque, NM 87108
$956,188
1
Bedrooms
1
Total Baths
—
Full Baths
—
Square Feet
0.62
Acres
1956
Year Built
Active
Status
MLS#
1032229
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%.
Details for 300 RHODE ISLAND ST SE
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office NM Apartment Advisors, Inc., (505) 440-8633
MLS# 1032229
Updated 3:56AM - 4/30/2024
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