420 Columbia Drive Se, Albuquerque, 87106

Residential Income - Multi Family For Sale in University Heights

$500,000

2Beds
1Bath
Sqft
.16Acres
1940Built
124DOM
MLS® #: 959448
Active, 124 Days on Market

NM Apartment Advisors is excited to bring to market 420 Columbia SE - the front house has been split into two units and the back portion of the property are townhouse style triplex units.The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the ask price of $500,000 and an average rent of $777 the measure of investment performance include a GRM of 10.73, a CAP rate of 5.39%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 11.70%.If the average rent is raised to market of $820,measures of investment performance improve to a GRM of 10.16, and a Cap rate of 5.83%.

Essential Information

MLS® #: 959448
Price: $500,000
Bedrooms: 2
Bathrooms: 1.00
Acres: 0.16
Year Built: 1940
Type: Residential Income
Sub-Type: Multi Family
Status: Active

Community Information

Address: 420 Columbia Drive Se
Area: 42 - UNM South
Subdivision: University Heights
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87106

Amenities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Interior

Interior: Wood
Appliances: Refrigerator
Heating: None
Cooling: None
# of Stories: 2
Stories: Two

Exterior

Construction: Frame

Additional Information

Date Listed: December 20th, 2019
Days on Market: 124

Listing Details

Listing Office: NM Apartment Advisors, Inc.

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Listing information last updated on May 27th, 2020 at 5:00am MDT.