Eco Friendly
Address
218 Yale Boulevard SE Albuquerque, NM
Price
$ 576,218
Property Attributes
  • MLS#913701
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaUNM South
  • NeighborhoodUniversity Heights Add
  • Zip87106
  • StyleFour Plex
  • Year Built2013
  • Taxes3584
  • Price$ 576,218
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2700
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

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%.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/19/2018 Listed $576,218

General Features

Amenities Owners Unit, Wshr/Dryr HU in Unit
Builder Lewis
Construction Frame
Finance Considered Cash, Conventional, FHA, VA
Number of Units 4.00
Rental Info Other - See Remarks
Stories 1.0
Subdivision University Heights Add
Tenant Pays Other - See Remarks
Zoning SU-2

Interior Features

5+ Units No
Appliances Included Refrigerator
Basement No
Cooling Energy Star (G), Refrigerated
Flooring See Remarks
Heating Electric
Utilities All City

Exterior Features

Disability Access Yes
Exterior Material Stucco
Number of Parking Spaces 5.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87106

Price
AVG $540K
$580K
Taxes
AVG $2,348
$3,584
Visits
AVG 39
18
Year Built
AVG 1949
2013

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