MLS# 1081644 – 308 Jefferson Street Ne, Albuquerque, NM 87108
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%.
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