4011 Thaxton Ave SE

Address: 4011 Thaxton Ave SE, Albuquerque, NM 87108, USA

Phoenix & Southwest

Created date: November 12, 2023

Date last updated: November 12, 2023

Upscale Edgecrest/Ridgecrest area triplex with high end rents!

On behalf of the owner, NM Apartment Advisors Inc. and Deacon Property services are pleased to present this opportunity to acquire a quality Edgecrest/Ridgecrest Area Tri-plex.

Just renovated and tucked back on a fantastic block.

Three spacious & unique units – two 2 bed / 1 bath apartments and one 1 bed / 1 bath apartment. Residents enjoy distinct floor plans with rooms big enough for multi-purpose functionality. All three units are updated and properly restored with solid surface flooring – hardwood, tile, and luxury vinyl plank), classic built-ins, new fixtures, and newer appliances.

Apartments also feature unique amenities: 4011 and 4011A have extra large yard spaces. 4009 and 4011 both have awesome covered porches. All units offer washer / dryers in the unit or washer /dryer hookups, multi-functional / spacious floor plans, and large kitchens. Each residence also comes with quality off street parking right next to front door entries. Exceptional south UNM / Ridgecrest area provides quick and easy access to Nob Hill, UNM, CNM, Kirtland Air Force Base, the airport, and I-25.

Would you like to lower your effective Federal tax rate from 35% to 5%*? Please see page 6 for information on cost segregation and the benefits of the 2018 Tax Cut & Jobs act.

* Investors must close by 12/31/2023 to receive this benefit as it decreases in 2024.

Located very close to major employment activity at Thunderbird/Max-Q, Netflix and so much more!
18 page flyer at http://www.nmapartment.com/apt/NMAA-Thaxton4011SE.pdf

Virtual tour at http://www.nmapartment.com/4011thaxton3d

Measures of investment performance at ask price of $528,624 and current average rent of $995 are a GRM of 15.53, a 5.00% cap rate, $176,208 per unit, $220/sf and an after tax IRR of 11.70%.

Recent comparable sales support a value of $578,429.

Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook,

Intel and Amazon jobs, go quickly. Do not wait as you will be honored to own this one.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

and

Kyle Deacon
Deacon Property Services
(505) 878-0100
[email protected]

❮ Previous Next ❯

Available

Request Information

Name

Phone

Message(optional)

Due Digilence Documents

Key Property Information

Listing Status:	Available
Price:	$528,624
No. of Units:	3
Cap Rate:	6.33%
GRM /GIM:	13.08
Year Built:	1951
Year Renovated:	2023
Building Size:	2,400 Sq ft
Lot Size:	0.17 Acres
No. of Stories:	1
APN:	1017056220179331103
Zoning Code:	R-ML
Opportunity Zone:	No
Price per unit:	$176,208
Property Website	Click Here