1809 Girard BLVD SE, Albuquerque, NM 87106
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1809 Girard BLVD SE, Albuquerque, NM 87106
1809 Girard BLVD SE, Albuquerque, NM 87106
1809 Girard BLVD SE, Albuquerque, NM 87106
1809 Girard BLVD SE, Albuquerque, NM 87106
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Leanna Chavez

Leanna Chavez

+1(505) 507-4898
Listed by NM Apartment Advisors, Inc.
$ 547,931
Est. payment /mo
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1809 Girard BLVD SE Albuquerque, NM 87106

8 Beds

15 Baths

3,100 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $176

Subdivision The Replat Of Lands Of Contrends Ltd

MLS Listing ID 1103323

Bedrooms 8

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $4,576

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units.The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments. With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units.Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.

Location

State NM

County Bernalillo

Area 42 - Unm South

Interior

Heating Central

Cooling Evaporative Cooling

Flooring Tile

Fireplace No

Appliance Refrigerator

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101605624909630203

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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1809 Girard BLVD SE