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12404 Rosemont NE 12404 Rosemont Ave NE 4 Unit Apartment Building $444,444 ($111,111/Unit) 8.31% Cap Rate Albuquerque, NM 87112
Executive Summary
The property is being marketed using the BID process, with a set date and time for property tours and a fixed offer deadline. In the event of multiple offers, the Seller will be inviting only the top 50% of buyers to a best and final round.
With a start price of $444,444 and an average rent of $1,118 the metrics of investment performance are a GRM 8.29, 8.52% cap rate, IRR after tax 17.7%.
- Amazing owner occupant fourplex
- close to park
Why this asset deserves attention:
-Rare fourplex in a neighborhood setting
-Adjacent park enhances resident appeal
-Strong Northeast Heights rental demand
-Larger unit sizes than many competing rentals
-In-place income with growth potential
With a start price of $444,444 and an average rent of $1,118 the metrics of investment performance are a GRM 8.29, 8.52% cap rate, IRR after tax 17.7%.
- Amazing owner occupant fourplex
- close to park
Why this asset deserves attention:
-Rare fourplex in a neighborhood setting
-Adjacent park enhances resident appeal
-Strong Northeast Heights rental demand
-Larger unit sizes than many competing rentals
-In-place income with growth potential
Property Facts
| Price | $444,444 | Property Subtype | Apartment |
| Price Per Unit | $111,111 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.31% | Building Size | 3,700 SF |
| Gross Rent Multiplier | 11.48 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Price | $444,444 |
| Price Per Unit | $111,111 |
| Sale Type | Investment |
| Cap Rate | 8.31% |
| Gross Rent Multiplier | 11.48 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-022-058-178170-3-09-17 | Improvements Assessment | $68,824 |
| Land Assessment | $16,068 | Total Assessment | $84,892 |
Property Taxes
Parcel Number
1-022-058-178170-3-09-17
Land Assessment
$16,068
Improvements Assessment
$68,824
Total Assessment
$84,892
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