For Sale

Listed by Todd Clarke and Kyle Deacon from NM Apartment Advisors, Inc.

Source: Southwest MLS #1103323

1809 Girard Boulevard Southeast, Albuquerque, NM, 87106

$547,931

8
15
6
3100 sq. ft.
7754 sq. ft.

Duplex

•

30+ days on the market

What's around 1809 Girard Boulevard Southeast

About this property

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%.

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