$560,000
4409 9th NW, Albuquerque, NM 87102
1 Beds
1 Baths
5,163 sqft

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Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.
  • Price:
  • $560,000
  • Bedrooms:
  • 1
  • Square Footage:
  • 5,163
  • Acreage:
  • 0.31
  • Year Built:
  • 1944
  • Listing ID #:
  • 983159
  • Street Address:
  • 4409 9th NW
  • City:
  • Albuquerque
  • State:
  • New Mexico
  • Postal Code:
  • 87102
  • County:
  • Bernalillo
  • Community:
  • 101 - Near North Valley
  • Subdivision:
  • Rossiter Addition
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 5163
  • Building Condition:
  • Resale
  • Construction Description:
  • Adobe, Frame
  • Flooring:
  • Tile, Wood
  • Number Of Units:
  • 9
  • Stories:
  • 1
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 5163
  • Year Built:
  • 1944
  • Gross Income:
  • 53025
  • Operating Expense:
  • 21064
  • Approximate Lot Size Range Source:
  • Public Records
  • Lot Square Footage:
  • 13456
  • Zoning Description:
  • R-1c*
  • Days On Market:
  • 168
  • Originating Mls:
  • Swmls
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $2,671
  • Tenant Pays:
  • Other, See Remarks
  • Appliances:
  • Refrigerator
  • Cooling System:
  • Other, See Remarks
  • Heating:
  • Other, See Remarks
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing provided by Nm Apartment Advisors
  • ALBUQ

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