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Platinum Realty Group
505-944-6544
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401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108

$322,000

401 Georgia Street SE, Albuquerque, NM, 87108

22
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
Courtesy of: NM Apartment Advisors, Inc.
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108
401 Georgia Street SE, Albuquerque, NM, 87108

Information

Price: $322,000
Days On Market: 29
Year Build: 1980
Bedrooms: 2

Details

Address: 401 Georgia Street SE
County: Bernalillo
City: Albuquerque
Neighborhood: 71 - Southeast Heights, Mesa Park
Zip: 87108
State: New Mexico

Description

Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes sales in the Q1-2022 have appreciate 12%. NM Apartment Advisors is excited to bring to this market this four unit, two bedroom, one bathroom with washer/dryer hookups and private yard areas.401 Georgia SE has average rents of $750 (effective 10/1) and at the ask price of $322,000 the measures of investment performance include a GRM of 8.94, a before reserves cap rate of 6.67% and an after tax IRR of 14.70%. If the rents are raised to the market average of $850, the metrics of investment performance improve to a 7.89 GRM, and a cap rate of 6.67%

Location

Map

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Print Details
Courtesy of: NM Apartment Advisors, Inc. Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 8th August, 2022 10:11 AM (UTC)

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