423 Princeton Drive Se
Albuquerque,
NM
87106
Property Details
| List Price: |
$508,245 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Pending |
SqFt: |
2056 |
| Agency: |
NM Apartment Advisors Inc. |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
Residential |
| Year Built: |
1940 |
| Notes: |
423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale |
| MlsNumber: |
1062189 |
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| Listing Provided By: |
NM Apartment Advisors Inc., original listing |
| Name: |
NM Apartment Advisors Inc. |
| Phone: |
(505) 440-8633 |
| Office Name: |
NM Apartment Advisors, Inc. |
| Office Phone: |
(505) 440-8633 |
| Agent Name: |
Todd Clarke |
| Disclaimer: |
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
