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511 Spruce Street Southeast
Albuquerque, NM 87106
Asking Price
$850K
Cap Rate
7.28%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Great for Students & Traveling Medical Professionals <ul><li>100% occupied with established in-place cash flow</li><li>Four Fully Furnished Units</li><li> 5 completely renovated units</li><li>Renovations include: New roofs, new heating and cooling systems, exterior paint/stucco, new appliances, flooring, and paint</li><li>Unit Mix Supports Diverse</li><li>Rental Demand</li><li>Strong historical occupancy and income performance as fully furnished rentals</li><li>Strong Historical Occupancy</li><li>Close proximity to UNM & Presbyterian Hosp
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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965
