1809 Girard Boulevard Southeast

Albuquerque NM 87106

3100 sq. ft.

7754 sq. ft.

Duplex

Currently for sale - view listing

Overview

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%.

Features

8 bedrooms

15 bathrooms

6 carspaces

3100 sq. ft. floor area

7754 sq. ft. lot size

Duplex

Property history for 1809 Girard Boulevard Southeast

2020

Sold

Undisclosed

08 Oct 2020 by Ray Coca

Happy sellers in Albuquerque

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Local market activity for 8 bedroom duplexes in Albuquerque

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Todd Clarke

at NM Apartment Advisors, Inc.

View listing

Sales:: (619) 566-0008

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