2450 Floral Rd NW

Albuquerque NM 87104

2786 sq. ft.

6534 sq. ft.

Duplex

Currently for sale - view listing

Overview

The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity

Features

3 bedrooms

2 bathrooms

2786 sq. ft. floor area

6534 sq. ft. lot size

Duplex

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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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