Log In/Sign Up
Your email has been sent.
511 Spruce St SE - Renovated Multifamily Investment Near UNM 6 Unit Apartment Building Offered at $850,000 at a 7.28% Cap Rate Albuquerque, NM 87106
Investment Highlights
- 100% occupied with established in-place cash flow
- 5 completely renovated units
- Four Fully Furnished Units
Executive Summary
-100% occupied with established in-place cash flow
-Four Fully Furnished Units
-5 completely renovated units
-Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint
-Unit Mix Supports Diverse Rental Demand
-Strong historical occupancy and income performance as fully furnished rentals
-Strong Historical Occupancy
-Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce
-Four Fully Furnished Units
-5 completely renovated units
-Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint
-Unit Mix Supports Diverse Rental Demand
-Strong historical occupancy and income performance as fully furnished rentals
-Strong Historical Occupancy
-Close proximity to UNM & Presbyterian Hospitals, UNM & CNM campuses, Kirtland Air Force Base and Downtown Workforce
Property Facts
| Price | $850,000 | Property Type | Multifamily |
| Price Per Unit | $141,667 | Building Size | 3,759 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.28% | Year Built | 1936 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 3,759 SF |
| No. Stories | 1 |
| Year Built | 1936 |
| Opportunity Zone |
Yes |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
511 Spruce St SE - Renovated Multifamily Investment Near UNM
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.