308 Jefferson Street Ne Albuquerque, NM 87108

3 Units
Property Type: Triplex
Status: Pending
Year Built: 1996
Neighborhood: Heights Reservoir Addition
Days on Website: 5

Courtesy of NM Apartment Advisors, Inc..

Description

Built in 1996 by the owners' family and designed by their father, a well known local architect, Allan G Elsik, this is the first time this treasured community has been available for sale. Each unit has two bedrooms and one bathroom and averages 893 sf.The property is owned by an estate and they heir's do need to cash out.At the current average rents of $1,300, and an ask price of $519,335 the measures of investment performance include a price per unit of $173,112, price per square foot of $193.78, a GRM of 11.10, an after reserves cap rate of 6.56%.

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 2680
  • Building Area: 2680
  • Construction Materials: Frame,Stucco
  • Levels: One
  • Year Built: 1996
  • Details: EvaporativeCooling
  • Features: Landscaping
  • Flooring: SeeRemarks
  • Heating: Central,ForcedAir
  • Days on Market: 5
  • Listing Price: 519335
  • Status: Pending
  • Address: 308 Jefferson Street NE
  • Area: 40 - UNM
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Subdivision: Heights Reservoir Addition
  • Directions: From Lomas and Washington east to Jefferson south to property.
  • Acres: 0.22
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected