Pending
8101 Marble Avenue NE
Albuquerque NM, 87110
$1,600,000
$143.25 per sqft
Pending
2 Beds
1 Bath
11,169 sqft
Multi-family
Built in 1977
Courtesy of NAI SunVista Commercial RE
Cap Rate: 6.08%;Year 2-3 Pro Forma Cap Rate: 8.60%;GRM: 9.97;Year 2-3 Pro Forma GRM: 8.39;Year 2-3 Projected Cash-on-Cash Return: 9.32% to 16.91% *65 LTV 7.15% Fixed Loan & 80 LTV Affordable 4.85% Loan, respectively.Building Age: 1977.Property Highlights: Marble's Renovated Units Lease 31.12% Higher than those Not Renovated. Projected Year 2-3 Gross Income Growth: 18.96%. Substantial Capital Improvements 2018-2023. Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA. Situated in a Well-Maintained Office Corridor. Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%. Decommissioned Shared-Laundry Facility. In-Place Utility Reimbursement (RUBS).
1044190
MLSⓇ ID
November 2, 2023
Listed
March 27, 2024
Updated
Map
8101 Marble Avenue NE
Albuquerque NM, 87110
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
1
Appliances
Refrigerator, Range Hood
Floor Description
Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Evaporative Cooling
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.65 Acres
Exterior Features
Landscaping
Other Property Details
Area Name
70 - Fairgrounds
Taxes
$7,749
Tax Frequency
Annually
Days on Market
12
Garage
No
Parking Total
24
View
No
County
Bernalillo
Pool
No
Buyer Agency Compensation
2%
Green Building Features
Green Features
None
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