530 TENNESSEE Street NE, Albuquerque, NM 87108 (MLS # 1088162)
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Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. With an ask price of the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.Although each fourplex is on it's own lot, the owner has a strong preference to sell both buildings together at the same time.Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.
| DAYS ON MARKET | 2 | LAST UPDATED | 7/19/2025 |
|---|---|---|---|
| TRACT | Mesa Verde Addition | YEAR BUILT | 1985 |
| COMMUNITY | 70 - Fairgrounds | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | 70 - Fairgrounds |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Central, Forced Air |
| LOT | 0.3 acre(s) |
| STORIES | 2 |
| SUBDIVISION | Mesa Verde Addition |
| TAXES | 7066 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| ZONING | R-ML* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.
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