Price
$ 3,495,000
419 Monroe Street NE, Albuquerque, NM 87108  
  • 33,000 sqft

419 Monroe Street NE, Albuquerque, NM 87108  

Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.Adjoining recently renovated property that is current collecting rents between $775 to $1,075.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.

Read More
  • Listing Type Multi-Family
  • Listing ID 847327
  • House Size 33,000
  • Lot Size 1.30 acres
  • Listing Status Active
  • Year Built 1960
  • County Bernalillo
  • Subdivision Heights Reservoir Add Tr 18
  • Floors 2.0
  • Units 50
  • Taxes 13213.1
Listing courtesy of NM Apartment Advisors, Inc.

Price History

Date Listed at or
1/16/2018 $3,495,000 $245,000
11/5/2016 $3,250,000 $140,000
Read More Read Less

Houses for Sale Nearby