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644 Louisiana Blvd SE 4 Unit Apartment Building $593,000 ($148,250/Unit) 8% Cap Rate Albuquerque, NM 87108
EXECUTIVE SUMMARY
The hard work has been done! The proud new owner of this Property can anticipate low future capital improvement costs as Property has been nearly completely renovated over the past few months. Improvements include: a full exterior renovation and interior renovations as needed. Apartment 1 has been fully renovated, Apartment 2 and the Single Family-Home have each received
improvements as needed. Apartment 3 has received renovations throughout. The 3-bedroom single family home has received several upgrades including floors, windows & kitchen renovations. Renovation details are listed herein.
improvements as needed. Apartment 3 has received renovations throughout. The 3-bedroom single family home has received several upgrades including floors, windows & kitchen renovations. Renovation details are listed herein.
PROPERTY FACTS
| Price | $593,000 | Building Class | C |
| Price Per Unit | $148,250 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,411 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MX-L - Mixed Use Low Intensity | ||
| Price | $593,000 |
| Price Per Unit | $148,250 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,411 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | MX-L - Mixed Use Low Intensity |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 805 |
| 2+2 | 1 | - | 850 |
| 3+3 | 1 | - | 950 |
PROPERTY TAXES
| Parcel Number | 1-019-056-010350-2-01-01 | Improvements Assessment | $40,058 |
| Land Assessment | $54,225 | Total Assessment | $94,283 |
PROPERTY TAXES
Parcel Number
1-019-056-010350-2-01-01
Land Assessment
$54,225
Improvements Assessment
$40,058
Total Assessment
$94,283
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644 Louisiana Blvd SE
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