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6116 Central, Albuquerque, NM 87105

Multi-Family Home For Sale

6116 Central, Albuquerque, NM 87105 House For Sale - MLS #875113
$215,000
Multi-Family
5+ Family
9

Property Description for 6116 Central, Albuquerque, NM 87105

Own a piece of Route 66 history - located on future ART corridor and just west of the Rio Grande River, here is your chance to celebrate 2 of the 3 Rs in Albuquerque - (routes, rivers and rails).Don't miss out on this rare opportunity to find a high rate of return deal. Asking price is 10.7% CAP rate before reserves, 9.6% CAP rate after reserves, 18.8% cash on cash, 22.1% before tax iRR and 15.5% after tax IRR. Value add play as rents are 19% below market.Offered by seller under bid process - tour scheduled for Tuesday, October 11th, at noon, offer deadline, Wednesday, October 19th, 2016 at 5pm.

Interior Details

4,165 sq. ft.
$51.62/sq. ft.
Freestanding Electric Stove/Oven; Refrigerator

Exterior Details

Frame

Other Details

875113
1950
No Landscaping
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(20%)

Monthly Mortgage Payments

$977
$1,360

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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