421 Broadway Boulevard Se
Albuquerque,
NM
87102
Property Details
List Price: |
$1,335,236 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
9250 |
Agency: |
NM Apartment Advisors Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1920 |
Notes: |
The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%. |
MlsNumber: |
1063960 |
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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. |