1 bedroom house for sale
$5,807,969 - Albuquerque NM 87108Details
- Beds: 1
- Baths: 1
- Price: $5,807,969
- Internal Reference No.: 69323802
- Area: 33,000 sqft
Overview
Zia at Nob-Hill's current ownership is on a runway towards achieving a 9.24% cap rate with individual unit renovations and higher rents.The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (202o), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 9.24%.CORE AssetMeasures of investment performance at the ask price of $5, 807, 969 and current average rents of $885 a month are a GRM of 10.94, a 5.92% cap For more details and to contact: https://realtyww.info/homes_albuquerque-d523737/for-sale_i69323802Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-14, Viewed 2 times.
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