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About This Home
This 8-bedroom, 15-bathroom residential multi family at 1809 Girard Boulevard SE in Albuquerque, NM is listed for $547,931 ($177 per sqft). Built in 1984, the home offers 3,100 sqft of living space on a 0.18 acres lot.
Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units.The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments.
With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units.Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.
Key Features
- Built in 1984
- 0.18 acre lot
- 2 stories
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,930/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1809 Girard Boulevard SE
Albuquerque, NM 87106
The Replat Of Lands Of Contrends Ltd
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 8-bedroom, 15-bathroom residential multi family at 1809 Girard Boulevard SE is listed at $547,931 ($177/sqft). The estimated monthly payment is $2,374 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 0.18 acre lot, 2 stories, 6 parking spaces.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
