Todd Clarke
This listing was posted on RealtyWW.
$555,227
Palomas Dr Se, Albuquerque, Home For Sale
Price:
$555,227
BR/BA:
1 BR, 1 BA
Location:
516 Palomas Dr SE, Albuquerque, NM
Description:
Property being sold using BID Process.Tour date is 7/9 at noon, buyer must be registered. Eextreme value add 9 unit property with rents that are 32% below market. Located on 2 lots at 516 and 520 Palomas SE, this 5plex+4plex is being offered as a package using the BID process with one date/time for tours (noon on July 9th, 2024) and a fixed deadline for offers (noon on July 11th, 2024).At the current average rents of $537, and an ask price of $555, 227 the measures of investment performance include a price per unit of $61, 692, price per square foot of $112.92, a GRM of 9.58, an after reserves cap rate of 6.25%, and an after-tax IRR of 16.20%. If rents are raised to the market average of $762, the measures of investment performance improve to a cap rate of 10.66%.For more details: https://realtyww.info/homes_albuquerque-d523737/for-sale_i73285685
Property Type:
Single-Family Houses
Posted:
June 23 on RealtyWW
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More About this Listing: Palomas Dr Se, Albuquerque, Home For Sale
Palomas Dr Se, Albuquerque, Home For Sale is a One Bedroom One Bath Single-Family Homes for Sale at 516 Palomas Dr Se in Albuquerque NM. Find other listings like Palomas Dr Se, Albuquerque, Home For Sale and listings near 516 Palomas Dr Se by searching Oodle Classifieds for One Bedroom One Bath Single-Family Homes for Sale in Albuquerque NM.
Palomas Dr Se, Albuquerque, Home For Sale is a One Bedroom One Bath Single-Family Homes for Sale at 516 Palomas Dr Se in Albuquerque NM. Find other listings like Palomas Dr Se, Albuquerque, Home For Sale and listings near 516 Palomas Dr Se by searching Oodle Classifieds for One Bedroom One Bath Single-Family Homes for Sale in Albuquerque NM.