NM Apartment Advisors is very excited to bring to market this Old Town Triplex to market - located at where Marble meets 19th street, just south of Tiguex Park and the Albuquerque museum at 325 19th NW, this property has a high walk (80), bike (97), and transit (40) scores.Each unit is a residence in its own - with fireplaces, laundry rooms and unusually unique built-ins and could make an ideal vacation rental.At the ask price of $299,000 and an average rent of $853, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.82%, a price per unit of $99,667, a price per square foot of $113.47 a before tax IRR of 11.80% and an after tax IRR of 9.10%.If rents were raised to market of $1,041, the measure of investment performance improve to a cap rate of 7.62%.
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Listing information last updated on July 23rd, 2019 at 6:58pm MDT.