This twelve-plex at 810 Bellamah NW, located in Downtown Albuquerque, this property has a high walk (56), bike (80), and transit (42) scores.Embedded in the historic Sawmill District, the property's is walking distance Albuquerque's museum corridor, Tiguex Park and Old town and biking distance to the central business district.At the ask price of $722,500 and an average rent of $520, the measure of investment performance include a GRM of 9.65, a CAP rate of 6.12%, a price per unit of $60,208 a price per square foot of $110.95 a before tax IRR of 16.60% and an after tax IRR of 13.50%.If rents were raised to market of $610, the measure of investment performance improve to a cap rate of 7.22%.
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.
