715 Fruit Avenue
Albuquerque, NM 87102
- 2 beds
- 1 bath
- 2,565 sqft
- 7,840 sqft lot
- $155 per sqft
- 1916 build
- – on site
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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.
Last checked:
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Last updated Apr 23, 2025
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MLS# 932029 —
The Building
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Year Built:1916
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Builder Name:Unknown
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New Construction:false
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Stories:1
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Stories Total:1
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Levels:One
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Basement:false
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Building Area Total:2565.0
Interior
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Flooring:Wood
Room Dimensions
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Living Area:2565.0
Location
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Directions:From I-40 and 6th Street - south on 6th to Fruit, west to property.
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Latitude:35.09077
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Longitude:-106.6548
The Property
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Parcel Number:101405807412032804
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Property Condition:Resale
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Zoning Description:R-ML*
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Lot Size Acres:0.18
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:7840.8
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
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Tax Annual Amount:3990.06
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Tax Legal Description:Lots 186 X 187, Block 17, Armijo Brothers Addition
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
The Listing
Heating & Cooling
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Heating:MultipleHeatingUnits
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Cooling:TwoUnits
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Cooling:true
Utilities
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Utilities:MunicipalUtilities
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Electric:None
Appliances
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Appliances:Refrigerator
The Community
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Subdivision Name:Armijo Bros Add
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/31/21
Mar 31, 2021
|
Sold | SWMLS | $399,000 |
