SoldSep 13, 2018

Listed by Todd Clarke CCIM from NM Apartment Advisors, Inc.

419 Monroe St NE, Albuquerque, NM, 87108

Amount undisclosed

1
1
33000 sq. ft.
56628 sq. ft.

MultiFam

30+ days on the market

Sold: Sep 13, 2018

What's around 419 Monroe St NE

About this property

Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.Adjoining recently renovated property that is current collecting rents between $775 to $1,075.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.

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