Albuquerque, NM 87106,420 Columbia DR SE
Listed by NM Apartment Advisors, Inc.
Bought with Keller Williams Realty

$512,500

Est.Price: ?

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Est. payment /mo

2 Beds

1 Bath

3,765 SqFt


SOLD DATE : 08/25/2021

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,765 sqft

Price per Sqft $135

Subdivision University Heights

MLS Listing ID 983152

Sold Date 08/25/21

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1940

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents). The front houses have hardwood floors and speak to the quality workmanship of an 80 year old residence. The rear triplex are of newer construction, and contain two story townhouse style one bedroom units with decks that overlook the Sandia mountains. At the ask price of $500,000 and an average rent of $837 (up from $777 in 2018) the measure of investment performance include a GRM of 9.96, a CAP rate of 6.26%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 14.30%.

Location

State NM

County Bernalillo

Area 42 - Unm South

Interior

Heating None

Cooling None

Flooring Wood

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101605715804830923

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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