3421 Eastern Avenue Se Albuquerque, NM 87108

4 Units
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$425,000 Est. $1,565 / mo.*
Details Directions
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Property Type: Quadruplex
Status: Active
Year Built: 1960
Days on Website: 110

Courtesy of ABQ Properties LLC.

Description

Fully occupied, updated four plex featuring all two bedroom, one bath units. Units 1,2, & 4 have been renovated with new bedroom flooring, new kitchen cabinets and counter tops and stackable washer dryer units. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 8.8 and GRM or 8.29. If rents were raised to market rate of $1222.00 a CAP of 11.04 and GRM of 6.99 would be achieved

Open House

Property Details and Features

  • Description: FreeStandingGasRange,Refrigerator,RangeHood
  • Total Bathrooms: 2
  • Area: 2700
  • Building Area: 2700
  • Construction Materials: Stucco
  • Levels: One
  • Year Built: 1960
  • Details: EvaporativeCooling
  • Features: Patio
  • Patio Features: Patio
  • Flooring: Laminate,Tile
  • Heating: WallFurnace
  • Days on Market: 103
  • Listing Price: 425000
  • Status: Active
  • Address: 3421 Eastern Avenue SE
  • Area: 42 - UNM South
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Directions: From Carlisle & Gibson, south to Eastern , then west to property.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableAvailable,ElectricityConnected,SewerConnected,WaterConnected

Location

$425,000 - 3421 Eastern Avenue Se, Albuquerque, NM 87108
3421 Eastern Avenue Se Albuquerque, NM 87108
Address: 3421 Eastern Avenue SE

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