328 Tennessee Street SE
Albuquerque, NM 87108
MLS #903503

Multi-family
  • 16units
$549,500
Est. P&I payment: $2098.72/mo
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Description for 328 Tennessee Street SE, Albuquerque, NM 87108
On behalf of the owner, NM Apartment Advisors Inc., is pleased to present this opportunity to acquire a cash flow opportunity in the International District and just south of the new Albuquerque Rapid Transit (A.R.T.) slated to open late in 2017.The owner of both of these properties has kept them in immaculate condition and is ready to let the next generation of investors continue this fine tradition.Measures of investment performance include: based on actual rents of $458, 8.59% CAP rate, 14.548 Cash on Cash, 20.01% before tax Internal Rate of Return.These side by side properties are offered together as a portfolio of 16 units.320 is a duplex with two bedroom units and 328 which is a 14-plex one bedroom , one bathroom unit community..
MLS #903503
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My Notes for MLS #903503

General Features

  • Property Type: C
  • Units for Sale: 16
  • Approx Structured SqFt: 7,993
  • Year Built: 1976
  • Total Number of Stories: 2
  • Total Number of Buildings: 2
  • Stories: 2
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 41 - 50
  • Number of Units: 16
  • Lot SqFt: 13,504
  • Zoning: R-2

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 2
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 800
  • Unit Type 2: Number of Units: 14
  • Unit Type 2: Number of Bedrooms: 1
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 458
  • Unit Summary: Total Units: 16
  • Unit Summary: Average Unit Size: 501
  • Unit Summary: Average Actual Rent: 451
  • Unit Summary: Annualized: 86,568
  • Flooring: Tile

Utility Features

  • Amenities: Laundry Community
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 4,000
  • List Price/SqFt: 69
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 639
  • Unit Type 1: Max Rent: 699
  • Unit Type 1: Market Rent: 699
  • Unit Type 2: Average Actual Rent: 424
  • Unit Type 2: Max Rent: 435
  • Unit Type 2: Market Rent: 596
  • Unit Summary: Total Actual Rent: 7,214
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Casas Serenas Sub

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Frame

Location

 
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Directions to 328 Tennessee Street SE, Albuquerque, NM 87108
From I-40 and Wyoming, south to Trumbull, west to Tennessee, north to property.
The listing information for 328 Tennessee Street SE, Albuquerque, NM 87108 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/18/2018 at 4:14am
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