1520 NE Girard

$1,107,628

1 of 14

1520 NE Girard

$1,107,628

  • 9506 sqft

Contact Presenting Broker

    Bell Tower

    505.670.9486

    Key Features

    • MLS: 201401132
    • Status: Sold
    • Price: $1,107,628
    • Area: 20-Albuquerque
    • Type: Apartment Complex
    • Acres: 0.34
    • Total Sqft: 9,506
    • Sell Date: 09-09-2016
    • Listing Agency: NM Apartment Advisors, Inc.
    • Selling Agency: NON MEMBER

    About this Property

    Take advantage of Albuquerque's booming millennial housing market by purchasing this 20 unit apartment known as Girard Commons north and located at 1520 Girard NE. This community includes interior bike storage, an intercom system, , high speed wi-fi, all utilities are paid (by landlord) and are fully furnished (including murphy beds in most units). Priced at $1,107,628 a 7.4% actual CAP rate and a 10.0% cash on cash at an average rent of $563 per unit. Reposition this property as corporate suites (area average rents $1,000, market average $2,327), or continue to operate the property with the existing residents who enjoy the mixed use neighborhood and the easy access to the UNM law campus, UNM medical campus, Whole Foods Grocery store, and an abundance of area restaurants.

    Additional Features

    • Type Apartment Complex
    • Style Multi-Level
    • Days On Market 906
    • SewageCity

    Schools

    Listing Brokerage

    IDX listing

    Todd Clarke

    NM Apartment Advisors, Inc.

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    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.