12715 Dunes Rd SE - Apartments FOR SALE


Albuquerque, NM 87123
$428,763 USD
505-440-8633
12715 Dunes Rd SE, Albuquerque, NM for Sale
$428,763 USD
Apartments - FOR SALE
1/14
null | 5.89% Cap Rate

12715 Dunes Rd SE
Albuquerque, NM 87123


OVERVIEW

Renovated Fourplex, ready for owner occupant – Singing Arrow Location On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a four-plex in the Singing Arrow Neighborhood. Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area. The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area. A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher. At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%. If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%. 20 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Dunes12715SE.pdf Virtual tour of Unit 1, vacant and ready for an owner occupant is at http://www.nmapartment.com/dunes12715se3d Complete the online confidentially agreement for the property at http://www.nmapartment.com/dune12715se Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2468715, which can be used for a Buyer’s brokerage fee or a credit to the Buyer. The property is well located and close to grocery, shopping and a movie theater. Convenient freeway access and great public transportation and bike path connections. The property is a short walk to the Singing Arrow Community Center that has before and after school programs. Do not miss out on an opportunity to acquire a well-built fourplex in one of the strongest rental markets in the country. Thanks, Todd Clarke CCIM CIPS CEO NM Apartment Advisors Inc. (505) 440-TODD

FOR SALE DETAILS

PRICE

$428,763 USD

PRICE/SF

$109 USD /SF

# OF UNITS

4

PRICE/UNIT

$107,191

CAP RATE

5.89%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12715 Dune Road SE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-ML

APN/PARCEL ID

1-022-056-249303-1-05-56

ASK ABOUT THIS PROPERTY

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

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Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.