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317 Adams Street SE

Albuquerque, NM 87108

– beds
1 bath
13,050 sqft
~1/2 acre lot
$203 per sqft
1985 build
– on site

This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units.CORE AssetMeasures of investment performance at the ask price of $2,661,159 and current average rents of $792 a month are a GRM of 10.77, a 6.62% cap rate, $102,352 per unit, $204/sf, and an after tax internal rate of return is 13.20%And Value AddThe property is currently 24% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,023, the metrics of investment performance improve to a cap rate of 8.03% and a cash on cash of 8.98%.

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Dec 13, 2024 •

MLS# 1074795 —

The Building

Year Built:

1985
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Frame,Stucco
Stories:

2
Stories Total:

2
Levels:

Two
Basement:

false
Exterior Features:

Landscaping
Accessibility Features:

None
Building Area Total:

13050.0

Interior

Flooring:

Carpet,Tile,Vinyl

Room Dimensions

Living Area:

13050.0

Location

Directions:

From I-25 and Coal, west to Adams north to property.
Latitude:

35.074996
Longitude:

-106.594625

The Property

Parcel Number:

101705729107740805
Property Type:

ResidentialIncome
Property Subtype:

MultiFamily
Property Condition:

Resale
Zoning Description:

MX-T*
Lot Size Acres:

0.54
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

23522.4
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

6947.98

Baths

Total Baths:

1

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

EvaporativeCooling
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/5/24 Dec 5, 2024	Listed / Active	SWMLS	$2,661,159

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This multifamily located in Northeast Albuquerque, Albuquerque, NM 87108 is currently for sale for $2,661,159. 317 Adams Street SE is a 13,050 square foot multifamily with – beds and 1 bath that has been on Estately for 19 days. 317 Adams Street SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Whittier Elementary School, Wilson Middle School, and Highland High School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.