Updated four plex featuring all two bedroom, one bath units. Newer evaporative cooling units in good condition, and a TPO roof. Seller has installed new CMU court yard walls on the front of each unit. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 6.78 and GRM or 10.13 with one vacancy. If rents were raised to $1222.00 a CAP of 11.22 and GRM of 6.99 would be achieved. Seller will sell single buildings or any combination thereof including all four buildings. See 3413, 17 & 3421 Eastern listings.
$425,000
3409 Eastern Ave SE, Albuquerque, NM 87106
| Multi Family | Built in 1958 | 2700 SQFT |
| 8 Bedrooms | 4 Bathrooms | $157/sqft |
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