$550,000 210 Sixth Street Sw Albuquerque, NM

MLS: 811560   Type: Multi-Family   County: Bernalillo   City: Albuquerque   Area: Downtown Area   Neighborhood: New Mexico Town Companys   Zip: 87102   Style: 8 Units     Stories: 2   Taxes: $4,418

Mortgage $2,582 /mo



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Don't miss out on the improving apartment investment marketplace. In this size range (5 to 19 units), 2014 experienced twice the transaction volume of 2013, but its still 1/4 of the number of sales that occurred in 2005. (email agent if you want a copy of the full report) Occupancy, rents and values continue to be on the rise leaving money to be made for your investor.These well located eight mixed use units have a walk score 98, a bike score of 92 and a transit score of 57 (60 is the best in ABQ). Centrally located downtown near hundreds of new jobs, and within a one mile radius of hundreds of restaurants, this property is well located for to appeal to the millennial resident.Offered at its 2015 MAI appraisal of $550,000, this investment offers an 8.1% Cap rate, 11.3% cash o

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Price History

6/23/2015 Listed $550,000

Amenities Some Landscaping, Tenant Storage
Builder UNK
Construction Brick, Frame
Finance Considered Cash, Conventional
Number of Units 8.00
Rental Info Call Listing Broker
Stories 0.0
Subdivision Y/N New Mexico Town Companys
Tenant Pays Sewer, Some Utilities, Trash Removal, Water
Utilities All City
Zoning SU-3

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling 2+Units
Flooring Wood
Heating 2+ Units

Exterior Features

Disability Access Unknown
Exterior Material Stucco
Roof Pitched

Property Schools

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Gallery (26 photos)

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Property vs Zip Code Avg (87102)

Price 550K Avg 510K

Sqr Feet 6,513 Avg 3,749

Cost / Sqr Ft $84 Avg $136

Taxes $4,418 Avg $3,094

Acres 0.08 Avg 0.17

Visits 190 Avg 83

Days on Site 1,420 Avg 463

Walkscore® 92 Avg 72

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Listing Provided Courtesy Of: NM Apartment Advisors, Inc.

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Location & Address

eXp Realty New Mexico
6565 Americas Parkway NE, Suite 200
Albuquerque, NM