121 General Arnold Street NE Albuquerque, NM 87123
Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573, 521 and at the start price of $515, 000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
- Property TypeMulti-Family
- NeighborhoodWaggonman Denision Addition
- CountyBernalillo
- Taxes$4,065
- HOA/Condo/Coop Fees$0
- Days on Site262 Days
- MLS StatusActive
- MLS ID Number1040970
- Home Size Source Plans
- Year Built1980
- Lot Size0.17 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 121 General Arnold Street NE Albuquerque, NM 87123
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General Features
- Construction Frame
- Number of Stories 222
- Acreage 0.17
- Zoning MX-M*
- Property Sub Type Multi Family
- Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Interior Features
- Cooling Evaporative Cooling
- Heating CentralForced Air
- Appliances Refrigerator
- Flooring CarpetTile
Community Features
- MLS Area 50 - Northeast Heights