Fully occupied, updated four plex featuring all two bedroom, one bath units. Units 1,2, & 4 have been renovated with new bedroom flooring, new kitchen cabinets and counter tops and stackable washer dryer units. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 8.8 and GRM or 8.29. If rents were raised to market rate of $1222.00 a CAP of 11.04 and GRM of 6.99 would be achieved
Features
2 bedrooms
1 bathroom
2700 sq. ft. floor area
crop_free6752 sq. ft. lot size
cottageDuplex
Property history for 3421 Eastern Avenue Southeast
2021
Sold
Undisclosed
14 May 2021 by Charles Sheldon, of T & C Management, Llc
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Local market activity for 2 bedroom duplexes in Albuquerque
Sold
For Sale
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