1. Properties
    2.  > 
  2. Flats For Sale in New Mexico
    3.  > 
  3. Albuquerque
    4.  > 
  4. 1 Bedrooms
    5.  > 
  5. 1303 Iron Avenue SW
Back to listing

Full details for 1 Bedroom Duplex For Sale in Albuquerque, New Mexico

Photos

1/20
Property photo 1
2/20
Property photo 2
3/20
Property photo 3
4/20
Property photo 4
5/20
Property photo 5
6/20
Property photo 6
7/20
Property photo 7
8/20
Property photo 8
9/20
Property photo 9
10/20
Property photo 10
11/20
Property photo 11
12/20
Property photo 12
13/20
Property photo 13
14/20
Property photo 14
15/20
Property photo 15
16/20
Property photo 16
17/20
Property photo 17
18/20
Property photo 18
19/20
Property photo 19
20/20
Property photo 20

Description

Property being sold using BID process.The property features two one bedroom/one bathroom units. The extra lot lots contain 0.1618 acres with alley access and space for additional building(s).Based on the current average rents of $900 per month, and an ask price of $245,000 the property's measures of investment performance include a 11.34 GRM, 6.07% cap rate before reserves, before tax IRR of 15.50% and an after-tax IRR of 12.30%. If rents were raised to market average of $933, the measures of investment performance improve to a 8.82% cap rate, and a 14.01% cash on cash.Timeline of events:1. Inspection reports will be released on May 19th, 2023 2. Qualified Investors can register for the tour scheduled at noon on Tuesday, May 23rd3. The offer deadline is noon on Thursda Back to listing
arrow