218 Yale Boulevard SE
Albuquerque, NM 87106
MLS #913701

Multi-family
  • 4units
$576,218
Est. P&I payment: $2200.76/mo
Share  
Description for 218 Yale Boulevard SE, Albuquerque, NM 87106
One of New Mexico's first LEED Platinum standard energy efficient fourplexes. Located between UNM & CNM, this property hits a home run on walk score (86), transit score (50), and bike score (98).Built in 2013 with the intention of offering 4 separate residences, this property offers single family amenities and finishes for its two bedroom / one bathroom units, including digital locks, washer/dryers, and upgraded surfaces.Measure of investment performance at ask price of $576,218 and average current rent of $850 include a GRM of 14.87, CAP rate of 5.0%, a before tax IRR of 11.5% and after tax IRR of 8.70%. If rents are increased to market at $1,000 (remember it includes free parking), measure of investment performance improve to a GRM of 12.00, Cap rate of 8.20%.
MLS #913701
Tour This Property In Person
Request a Showing
 

My Notes for MLS #913701

General Features

  • Property Type: C
  • Units for Sale: 4
  • Approx Structured SqFt: 2,700
  • Year Built: 2013
  • Total Number of Stories: 1
  • Total Number of Buildings: 1
  • Stories: 1
  • Property Sub-Type: Four Plex
  • 5+ Units: No
  • Age: 4 - 6
  • Number of Units: 4
  • Lot SqFt: 6,970
  • Zoning: SU-2

Exterior Features

  • Number of Parking Spaces: 5
  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 2
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Style: End units
  • Unit Type 1: Average SqFt: 650
  • Unit Type 2: Number of Units: 2
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Style: interior units
  • Unit Type 2: Average SqFt: 700
  • Unit Summary: Total Units: 4
  • Unit Summary: Average Unit Size: 675
  • Unit Summary: Average Actual Rent: 850
  • Unit Summary: Annualized: 40,800
  • Flooring: See Remarks

Utility Features

  • Amenities: Owners Unit,​Wshr/Dryr HU in Unit
  • Appliances included: Refrigerator
  • Cooling: Energy Star (G),​Refrigerated
  • Heating: Electric
  • Utilities: All City

Financial Features

  • Approximate Taxes: 3,585
  • List Price/SqFt: 213
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 850
  • Unit Type 1: Max Rent: 850
  • Unit Type 1: Market Rent: 1,000
  • Unit Type 2: Average Actual Rent: 850
  • Unit Type 2: Max Rent: 850
  • Unit Type 2: Market Rent: 1,000
  • Unit Summary: Total Actual Rent: 3,400
  • Finance Considered: Cash,​Conventional,​FHA,​VA
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: University Heights Add

Miscellaneous Features

  • Disability Access: Yes
  • Lead Base Paint: No
  • Construction: Frame

Location

 
Street View Not Available
Directions to 218 Yale Boulevard SE, Albuquerque, NM 87106
From I-25 and Central exit - east to Yale Blvd, south two blocks (from UNM) to property.
The listing information for 218 Yale Boulevard SE, Albuquerque, NM 87106 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

Get Financing for 218 Yale Boulevard SE, Albuquerque, NM 87106

($ or %)
%
P&I Payment $2200.76
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/22/2018 at 5:51pm
Agent Login    |    Powered by Onjax
Create Free Account or
Kathy Petit
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or