3611 Tyson Pl NE - Tyson fourplex 4 Unit Apartment Building Offered at $570,000 at a 7.01% Cap Rate Albuquerque, NM 87107

On behalf of the owner, NM Apartment Advisors Inc., is excited to take to market this fourplex that is part of a larger 25 unit portfolio centrally located Alta Monte neighborhood.
Located at 3611 Tyson NE, this fourplex has spacious two bedroom, one bathroom units with fireplaces and a common area laundry
This fourplex and the larger portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.
At the ask price $570,000 and of based on the current average rents of $1,393 per month, the property’s measures of investment performance include a 8.53 GRM, 6.84% cap rate before reserves, before tax IRR of 15.1% and an after-tax IRR of 12.9%.
If rents were raised to market average of $1,500, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 7.74% cap rate.
Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.
Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD