419 Monroe Street NE

Estimated Monthly Payment: $17,039/mo 419 Monroe Street NE, Albuquerque, NM 87108 MLS# 847327 Multifamily Listing Status: Pending
33,000 sqft
1,074
402
0
103

REMARKS:

Based on the ask price of $3,495,000 and an average rent of $618 ($0.95/sf), the property offers a 6.60% Cap rate, 8.98% cash con cash, 17.40% before tax IRR, and a 13.80% after tax IRR. Based on proforma rents of $739, the property could be a 8.57% CAP rate, 17.20% cash on cash, and astronomical IRR.Adjoining recently renovated property that is current collecting rents between $775 to $1,075.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.

OVERVIEW:

Multifamily
9 or More Units
Pending
40
UNM
Heights Reservoir Add Tr 18
1960
33000
1.30
56628
Stucco
Flat
Frame
Central Forced Air
Evaporative
All City

FEATURES:

Refrigerator
Laundry Community, Some Landscaping
Carpet, Tile

FINANCIAL:

$3,495,000
$13,213.1
None

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