Multifamily For Sale

$399,000

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610 Jefferson Street NE

Albuquerque, NM 87110

  • 2 beds
  • 2 baths
  • 2,225 sqft
  • 6,752 sqft lot
  • $179 per sqft
  • 2017 build
  • on site

Tucked in a high appreciation, neighborhood of mostly single-family homes built in 1940-50's. The property, located at 610 Jefferson NE, includes front hour and a rear duplex that was built in 2017.A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates given how highly sought after the area is by many residents.Measurements of investment performance based on actual average rents of $900 per unit, 5.21% CAP rate, 18.50% before tax IRR, and 14.90% after tax IRR. Based on a market rent of $1,007 per unit the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.The location has a high walk (78), Bike (83), and transit (40) score.

SWMLS logo Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Oct 18, 2020 • Source: SWMLS

MLS# 979464 —

Amenities & Taxes

The Building

Year Built:
2017
New Construction:
No
Construction Materials:
Frame
Builder Name:
Mc Mann
Stories:
1
Stories Total:
1
Basement:
No
Number Of Units Total:
3
Building Area:
2,225 Sqft
Building Area Source:
Appraiser

Interior

Living Area Source:
Appraiser

Room Dimensions

Living Area:
2225

Location

Latitude:
35.088279
Longitude:
-106.592687
Directions:
From I-40 & Carlisle - south to Lomas, east to Jefferson, north to property.

The Property

Zoning Description:
R-ML*
Lot Size Acres:
0.16
Lot Dimensions Source:
Public Records
Lot Size Source:
Public Records
Lot Size Square Feet:
6,752 Sqft
Property Type:
Residential Income
Property Condition:
Resale
Additional Parcels:
Yes
Exterior Features:
Privacy Wall
Fencing:
Wall

Listing Agent

Contact info:

Taxes

Tax Annual Amount:
$4,415

Beds

Bedrooms Total:
2

Baths

Bathrooms Total:
2

Heating & Cooling

Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating:
Yes

Utilities

Electric:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Electric On Property:
No

Appliances

Appliances:
Refrigerator

The Community

Subdivision Name:
New Year Add Brooms Sub

Parking

Parking Total:
3

Schools

Rating Details
6

Zia Elementary School

  • Public
  • K-5
  • 0.2 mi
4

Jefferson Middle School

  • Public
  • 6-8
  • 1.1 mi
4

Albuquerque High School

  • Public
  • 9-12
  • 2.5 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
10/18/20
Listed / Active SWMLS $399,000

Finding records…

No additional history available

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610 Jefferson Street NE
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