1340 San Mateo Boulevard SE
Albuquerque, NM 87108

Description

NM Apartment Advisors is excited to bring to market this 7 unit apartment with large owners units to the market. Built in 1957, this property has a ton of built-ins - in the kitchen, closets and bedroom.Mostly hardwood floors and 100% charm, the property, 1340 San Mateo SE, is just north of the famous Chevy-on-the-stick-sculpture, and possesses a good walk (79), bike (79), and transit (38) scores.At the ask price of $430,000 and an average rent of $565, the measure of investment performance include a GRM of 9.06, a CAP rate of 6.20%, a price per unit of $61,429, a price per square foot of $82.38 and an after tax IRR of 14.10%.If rents were raised to market of $612, the measure of investment performance improve to a cap rate of 6.60%.

Details

MLS#933859
Sub-TypeResale
StatusActive
Year1957
Days On Site189

Features

SQ Feet5,320
Units7
Building(s)2

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87108
Area71 - Southeast Heights
Listing VS Median (in 87108)
Price:
$430,000
low | high
Med:
$225,000
97.674418604651% of Average
SqFt:
5,320
low | high
Med:
2,700
99.248120300752% of Average
$ / SqFt:
$81
low | high
Med:
$84
45.610465116279% of Average
On Site:
189
low | high
Med:
35.5
100% of Average
Listing Updated: 06/16/2019
MLS Number: 933859
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.