Take advantage of Albuquerque's booming millennial housing market by purchasing this 20 unit apartment known as Girard Commons north and located at 1520 Girard NE. This community includes interior bike storage, an intercom system, , high speed wi-fi, all utilities are paid (by landlord) and are fully furnished (including murphy beds in most units). Priced at $1,107,628 a 7.4% actual CAP rate and a 10.0% cash on cash at an average rent of $563 per unit. Reposition this property as corporate suites (area average rents $1,000, market average $2,327), or continue to operate the property with the existing residents who enjoy the mixed use neighborhood and the easy access to the UNM law campus, UNM medical campus, Whole Foods Grocery store, and an abundance of area restaurants.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
