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    715 Fruit Avenue

    Albuquerque, NM 87102
    • $399,000
    • STATUS: Active
    • ON SITE: 749 days
    • MLS #: 932029
    UPDATED: 47 min ago
    $399,000
    • 2
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,565
      SQFT
    • $156
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Super cute fourplex with white picket fence, yard areas, off street parking and in close proximity to downtown Albuquerque's 25,000 jobs, and 100+ restaurants, brew pubs, pizza shops and specialty coffee shops.Located at 715 Fruit NW, and offered with average rents of $785, this property has experienced double digit rent growth since the previous year. It demonstrates that the underlying fundamentals for apartment investments continue to improve, as evidenced by the recent rent increases in this owner occupant style fourplex in Downtown Albuquerque with a high walk (77), bike (85), and transit (56) scores.At the ask price of $399,000 and an average rent of $785 the measure of investment performance include a GRM of 10.59, a CAP rate of 5.57%, a price per unit of $99,750.

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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: 2020-11-25T16:04:56.063.
    www.sandisells.com/homes/89196453
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    715 Fruit Avenue Albuquerque, NM 87102

    • Price: $399,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 932029
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,565
    SQFT
    $156
    $/SQFT
    1916
    Built
    Neighborhood:
    Armijo Bros Add
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Super cute fourplex with white picket fence, yard areas, off street parking and in close proximity to downtown Albuquerque's 25,000 jobs, and 100+ restaurants, brew pubs, pizza shops and specialty coffee shops.Located at 715 Fruit NW, and offered with average rents of $785, this property has experienced double digit rent growth since the previous year. It demonstrates that the underlying fundamentals for apartment investments continue to improve, as evidenced by the recent rent increases in this owner occupant style fourplex in Downtown Albuquerque with a high walk (77), bike (85), and transit (56) scores.At the ask price of $399,000 and an average rent of $785 the measure of investment performance include a GRM of 10.59, a CAP rate of 5.57%, a price per unit of $99,750.
    Exterior Features

    Construction Materials Frame Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling 2 Units Cooling YN Yes Electric None Electric On Property YN No Flooring Wood Heating Multiple Heating Units

    Property Features

    Builder Name Unknown Building Area Total 2565 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 35796 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 14485 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 3990 Tenant Pays OtherSee Remarks Utilities Municipal Utilities 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: 2020-11-25T16:04:56.063.
     
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    Sandi Pressley Team
    10400 Academy Rd NE Suite 100
    Alburquerque NM, 87111