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    4409 9th NW

    Albuquerque, NM 87102
    • $560,000
    • STATUS: Active
    • ON SITE: 137 days
    • MLS #: 983159
    $560,000
    • 1
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,163
      SQFT
    • $108
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.

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    IDX information © 2021 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 Keller Williams Realty. Data last updated: 2021-05-18T00:04:56.82.
    www.albuquerquehomefinders.com/homes/112937013
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    4409 9th NW Albuquerque, NM 87102

    • Price: $560,000
    • Status: Active
    • MLS #: 983159
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    5,163
    SQFT
    $108
    $/SQFT
    1944
    Built
    Neighborhood:
    Rossiter Addition
    County:
    Bernalillo
    Area:
    101 - Near North Valley
    Property Description
    Welcome to this newly renovated 9 unit compound property located in Albuquerque North Valley. Located at 4409 9th NW, this property has a good walk (51), bike (62), and transit (28) scores. The current owner has spent close to $350,000 on renovations, including stucco. The property has eight one bedroom one bath units (one has an extra office), and one two bedroom one bath unit. Based on current increases the ask price of $560,000, and an average rent of $511, the measure of investment performance include a GRM of 10.14, a CAP rate of 6.11% before reserves, a price per unit of $62,222, a price per square foot of $108.46, a before tax IRR of 18.5% and an after tax IRR of 15.1%.
    Exterior Features

    Construction Materials AdobeFrame Levels One Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling OtherSee Remarks Electric None Flooring TileWood Heating OtherSee Remarks

    Property Features

    Builder Name Unknown Building Area Total 5163 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 53025 Listing Agreement Exclusive Agency New Construction YN No Operating Expense 21064 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2671 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-1C*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 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 Keller Williams Realty. Data last updated: 2021-05-18T00:04:56.82.
     
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    Keller Williams Realty
    6703 Academy Road NE
    Albuquerque NM, 87109