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Dunes Road fourplex

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Address: 12715 Dunes Rd SE, Albuquerque, NM 87123, USA

Phoenix & Southwest + 2-4 Units

Created date: October 18, 2024

Date last updated: October 24, 2024

Renovated Fourplex, ready for owner occupant – Singing Arrow Location

On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a four-plex in the Singing Arrow Neighborhood.

Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.

The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.

A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.

At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.

If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.

20 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Dunes12715SE.pdf

Virtual tour of Unit 1, vacant and ready for an owner occupant is at http://www.nmapartment.com/dunes12715se3d

Complete the online confidentially agreement for the property at http://www.nmapartment.com/dune12715se

Discover the Seller’s concession to the Buyer by emailing [email protected] with subject line: NMAA-2468715, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.

The property is well located and close to grocery, shopping and a movie theater. Convenient freeway access and great public transportation and bike path connections. The property is a short walk to the Singing Arrow Community Center that has before and after school programs.

Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.

Thanks,

Todd Clarke CCIM CIPS

CEO
NM Apartment Advisors Inc.
(505) 440-TODD

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	2-4 Units
Price:	$428,783
No. of Units:	4
Cap Rate:	6.10%
GRM /GIM:	10.36
Year Built:	1980
Building Size:	3,928 Sq ft
Lot Size:	0.22 Acres
No. of Stories:	2
APN:	102205624930310556
Zoning Code:	R-ML
Buy Side Fee:	3%
Opportunity Zone:	No
Price per unit:	$107,196
Property Website	Click Here