$3,000,000

222 Maple Street NE

Albuquerque NM, 87106

Description

This clean, gated, well-maintained complex is within walking distance to UNM and in the heart of ABQ, making these studio units easy to rent. In addition to the two three-story buildings, the site has sidewalks, patios, and paved open parking. Landscaping includes xeriscaping and trees and shrubs. Many of the units have been remodeled with vinyl plank flooring, ceramic tile bathrooms and an updated kitchenette area. Laundry facilities and an managers office are on site. Average unit rents are $550 giving this property a GRM of 5.83! The cap rate of 10.13% makes this investment property an easy decision to make.

Details

MLS#978035
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1979
Days On Site24

Features

Bath(s)1
SQ Feet30,849
Story(s)3
Acreage1.16
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Area Information
StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area40 - UNM
Listing VS Median (in NA)
Price:
$3,000,000
low | high
Med:
$85,000
100% of Average
SqFt:
30,849
low | high
Med:
0
100% of Average
$ / SqFt:
$97
low | high
Med:
$0
100% of Average
On Site:
24
low | high
Med:
110
21.818181818182% of Average
Listing Updated: 10/04/2020
Kelly R Taliaferro LogoMLS Number: 978035
Listing Provided By:
Kelly R Taliaferro  of  Lucky Dog Realty LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Greater Albuquerque Association of REALTORS®.