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317 15th Street, Albuquerque, NM 87104

Multi-Family Home For Sale

317 15th Street, Albuquerque, NM 87104 House For Sale - MLS #877171
$450,000
Multi-Family
4 Family

Property Description for 317 15th Street, Albuquerque, NM 87104

High end fourplex and downtown millennial dream - Renovated top to bottom - owner has made amazing changes to the property that must be seen to appreciate. New kitchens, new bathrooms, new flooring, new HVAC, new tankless water heaters, new finishes, private courtyard, stackable washer/dyers and a walk score of 83, transit score of 48, and bike score of 89!Average rents of $975 are still below market of $1,139 and offers 6.40% Cap rate on actuals, 7.80% cap rate on proforma. Potential Before Tax IRR of 19.8%, After Tax of 15.6%.Property is part of the NW quadrant apartment tour - this coming Tuesday, at 1pm

Interior Details

3,099 sq. ft.
$145.21/sq. ft.
Refrigerator

Exterior Details

1
Block; Frame

Other Details

877171
1965
Wshr/Dryr Hu In Unit
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Monthly Mortgage Payments

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$2,847

Town Description

Albuquerque is the largest city in the state of New Mexico. It is the county seat of Bernalillo County and is situated in the central part of the state, straddling the Rio Grande. The city population...

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