For Sale

Listed by Todd Clarke from NM Apartment Advisors, Inc.

Source: Southwest MLS #1087069

2450 Floral Rd NW, Albuquerque, NM, 87104

$466,888

3
2
2786 sq. ft.
6534 sq. ft.

Duplex

30+ days on the market

What's around 2450 Floral Rd NW

About this property

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

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