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    625 Grove Street SE

    Albuquerque, NM 87108
    • $87,500
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 976002
    UPDATED: 67 min ago
    $87,500
    • 2
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,074
      SQFT
    • $42
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Offer deadline 9/24 at noonProperty tour - requires RSVP - 9/22 at noon.New to the market and an amazingly hard to find - 6 rental units that need renovation and rehabilitation.The owner is open to selling each triplex individually for $87,500 or together for $175,000.At the start price of $175,000 and an average rent of $617 the measure of investment performance include a GRM of 3.94, a CAP rate of 15.60%, a price per unit of $25,916, a price per square foot of $38,99 and an after-tax IRR that is really too high to quote. Of course, all of this depends on the new owner renovating the units to rentable condition.Market comps indicate a value of $147,575

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    IDX information © 2020 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team. Data last updated: 2020-09-24T00:04:53.357.
    www.sandisells.com/homes/109520586
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    625 Grove Street SE Albuquerque, NM 87108

    • Price: $87,500
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 976002
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,074
    SQFT
    $42
    $/SQFT
    1957
    Built
    Neighborhood:
    Emil Mann
    County:
    Bernalillo
    Area:
    71 - Southeast Heights
    Property Description
    Offer deadline 9/24 at noonProperty tour - requires RSVP - 9/22 at noon.New to the market and an amazingly hard to find - 6 rental units that need renovation and rehabilitation.The owner is open to selling each triplex individually for $87,500 or together for $175,000.At the start price of $175,000 and an average rent of $617 the measure of investment performance include a GRM of 3.94, a CAP rate of 15.60%, a price per unit of $25,916, a price per square foot of $38,99 and an after-tax IRR that is really too high to quote. Of course, all of this depends on the new owner renovating the units to rentable condition.Market comps indicate a value of $147,575
    Exterior Features

    Construction Materials BrickFrame Stories Total 1

    Interior Features

    Basement YN No Bathrooms Total Integer 1 Cooling OtherSee Remarks Electric None Electric On Property YN No Heating OtherSee Remarks

    Property Features

    Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Building Area Total 2074 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 1162 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team. Data last updated: 2020-09-24T00:04:53.357.
     
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    Sandi Pressley Team
    10400 Academy Rd NE Suite 100
    Alburquerque NM, 87111