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1209 Martin Luther King Jr. Ave NE
Albuquerque, NM 87106
Asking Price
$1.20M
Cap Rate
6.26%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Updated Mid-Century Modern 10 Unit Gem Just 4 Blocks West of UNM <ul><li>Excellent UNM Location: Proximity to UNM, CNM, I-25, and 1 block to ABQ's World Famous DG's Deli!</li><li>All Apartments Feature: Spacious Floor Plans, great natural light, hardwood floors, & built-ins. 8 Apartments offer secured interior entry through quality interior commons. 2 Apartments have private exterior entry.</li><li>Easy conversion for common laundry & secured storage</li><li>Conversion for additional carport parking</li><li>Update large apartments for easy additional ren
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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504
