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    501 Simpier Lane SW

    Albuquerque, NM 87102
    • $239,500
    • STATUS: Pending
    • ON SITE: 32 days
    • MLS #: 999499
    Pending
    UPDATED: 199 min ago
    $239,500
    • 2
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,610
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Situated just north of the NM Hispanic Cultural Centers 20 acre plaza with theaters, museum, library, genealogy center and so much more.At the ask price of $239,500 the measure of investment performance at current average rent of $750, include GRM of 8.87, 6.82% Cap rate before reserves, and an after tax IRR of 18.30%. If rents are moved to market of $800, measures of investment performance improve to 8.32 GRM, 7.39% Cap rate before reserves, and a cash on cash of 12.26% cash on cash.The property is being offered with the BID process - with a fixed tour date (no exceptions) and offer deadline.Critical datesTour - noon on Tuesday, September 14th, 2021 - Register onlineOffer deadline 9/16 at noon.

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    IDX information © 2021 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Berkshire Hathaway HomeServices. Data last updated: 2021-09-25T00:04:50.307.
    www.propertiesofsantafe.com/homes/120732278
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    501 Simpier Lane SW Albuquerque, NM 87102

    • Price: $239,500
    • Status: Pending
    • Updated: 199 min ago
    • MLS #: 999499
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,610
    SQFT
    $0
    $/SQFT
    1980
    Built
    Neighborhood:
    Simpier No 2
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Situated just north of the NM Hispanic Cultural Centers 20 acre plaza with theaters, museum, library, genealogy center and so much more.At the ask price of $239,500 the measure of investment performance at current average rent of $750, include GRM of 8.87, 6.82% Cap rate before reserves, and an after tax IRR of 18.30%. If rents are moved to market of $800, measures of investment performance improve to 8.32 GRM, 7.39% Cap rate before reserves, and a cash on cash of 12.26% cash on cash.The property is being offered with the BID process - with a fixed tour date (no exceptions) and offer deadline.Critical datesTour - noon on Tuesday, September 14th, 2021 - Register onlineOffer deadline 9/16 at noon.
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Levels Two Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetVinyl Heating CentralForced Air Heating YN Yes

    Property Features

    Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Building Area Total 2610 Disclosures Ranm 2100 Disclosure Gross Income 25650 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 9988 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 2446 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-T*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Berkshire Hathaway HomeServices. Data last updated: 2021-09-25T00:04:50.307.
     
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