121 General Arnold Street NE, Albuquerque NM, 87123
(Active)
$515,000
|
2 beds, 1 baths, 4,136 sqft
|
MLS# 1040970
Last Updated: 5/16/2024 12:16 AM
Description for
121 General Arnold Street NE
Albuquerque, NM 87123
Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
Price
$515,000
Waggonman Denision Addition
Bernalillo
2
1
4,136 (approx)
1040970
Active
Description
Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 2 | 1 | |
| 0.17 Acres | 4,136 (approx) | 1980 |
| 2 | Frame | |
Waggonman Denision Addition
Natural Gas Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Refrigerator
Tile, Carpet
Evaporative
Other,
Forced Air, Central
Exterior / Lot Features
Frame
MX-M*
Driving Directions
From I-40 and Eubank, south to Central, East to General Arnold, north to property
Financial Considerations
| 102005708207530908 |
| $4,065 |
Cash, Conventional
Listing Price History
Albuquerque Real Estate
Albuquerque is located in New Mexico. Albuquerque, New Mexico 87123 has a population of 572,777.
The median household income in Albuquerque, New Mexico 87123 is $50,190. The median household income for the surrounding county is $56,090 compared to the national median of $66,222. The median age of people living in Albuquerque 87123 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 11/22/2023 | Active | $515,000 USD 12.61% |
|
| 9/4/2023 | Active | $457,332 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $2,685 USD | -33.95% | $62,823 USD | 3.00% |
| 2022 | $4,065 USD | 57.43% | $60,994 USD | - |
| 2021 | $2,582 USD | -1.30% | $60,994 USD | - |
| 2020 | $2,616 USD | 0.04% | $60,994 USD | - |
| 2019 | $2,615 USD | 0.65% | $60,994 USD | - |