The ”Skylight” Apartments satisfy common multifamily investment criteria: An excellent unit mix, fully renovated interiors, individually metered gas & electricity, well-below-market lease rates, minimal deferred maintenance, and an improving surrounding neighborhood. The four adjacent fourplexes include sixteen (16) sizable 2 Bedroom-1 Bathroom configurations (+/- 750 SF), which furnish in-unit washers and dryers (93.75%), vaulted ceiling skylights, private enclosed courtyards (75%), dishwashers, garbage disposals, and upgraded finishes.Cap Rate: 5.89%Pre-Tax Cash-on-Cash: 2,59% Pro Forma (Year-End 2):Pre-Tax Cash-on-Cash: 13.38% Year-End 5 Valuation: $2,694,512 (+58.97%) *6.5% Disposition Cao Rate*Year-End 5 IRR (Pre-Tax) 30.30%*Ref. Flyer for Financing Assumptions*
$1,695,000
3410-3422 Vail Ave SE, Albuquerque, NM 87106
| Multi Family | Built in 1962 | 12954 SQFT |
| 2 Bedrooms | 1 Bathrooms | $131/sqft |