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530 TENNESSEE Street NE, Albuquerque, NM 87108

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For Sale

$816,000

2 beds • 7,184 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • Newly Listed
    Time on Century 21

  • $113.59
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. With an ask price of the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.Although each fourplex is on it's own lot, the owner has a strong preference to sell both buildings together at the same time.Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.
MLS# 1088162

Courtesy Of NM Apartment Advisors Inc.

(505) 440-8633

Property Features

  • Age
    31-40 Years Old
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.3 Acres

Map and Directions

Directions to 530 TENNESSEE Street NE, Albuquerque, NM 87108

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
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  • HOA Dues
    $0
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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