2713 Wyoming Blvd NE, Albuquerque, NM 87111
1 Beds
1 Baths
27,382 sqft

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Located walking distance to Sandia High School, and a short drive to all the retail experiences that Uptown offers.This is a core asset with stabilized cash flow, attractive renovations, with a solid platform provided for the next owner to enhance their income position.CORE AssetMeasures of investment performance at a price of $3,697,880 and current average rent of $744/month are a GRM of 11.50, a 5.75% cap rate, $102,719 per unit, $141/sf, and a cash on cash return of 10.26%. The after tax internal rate of return is 14.10%Value AddIf the remaining 25% of the units are renovated, the potential annual rent for the coming year increases by $10,980 which at a 5.75% cap rate adds $190,956 in value. If all rents are raised to the property's market rate, the Cap rate improves
  • Price:
  • $3,697,880
  • Bedrooms:
  • 1
  • Square Footage:
  • 27,382
  • Acreage:
  • 1.06
  • Year Built:
  • 1960
  • Listing ID #:
  • 969536
  • Street Address:
  • 2713 Wyoming Blvd NE
  • City:
  • Albuquerque
  • State:
  • New Mexico
  • Postal Code:
  • 87111
  • County:
  • Bernalillo
  • Community:
  • 41 - Uptown
  • Subdivision:
  • Manzana Manor
  • Listing Status:
  • Active
  • Approximate Total Liveable Area:
  • 27382
  • Building Condition:
  • Resale
  • Construction Description:
  • Brick, Frame
  • Exterior Features:
  • Balcony, Deck, Landscaping
  • Flooring:
  • Vinyl
  • Number Of Units:
  • 36
  • Patio Description:
  • Balcony, Deck
  • Stories:
  • 2
  • Total # Of Buildings:
  • 6
  • Total Building Square Footage:
  • 27382
  • Year Built:
  • 1960
  • Approximate Lot Size Range Source:
  • Public Records
  • Lot Square Footage:
  • 46174
  • Zoning Description:
  • Mx-L*
  • Days On Market:
  • 67
  • Originating Mls:
  • Swmls
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $16,282
  • Tenant Pays:
  • Other, See Remarks
  • Laundry:
  • Common Area
  • Appliances:
  • Refrigerator
  • Cooling System:
  • Other, See Remarks
  • Heating:
  • Other, See Remarks

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing provided by Nm Apartment Advisors
  • ALBUQ

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