12912 Constitution Avenue NE
Albuquerque, NM 87112
MLS #906072

Multi-family
  • 4units
$281,250
Est. P&I payment: $1074.18/mo
12912 Constitution Avenue NE, Albuquerque, NM 87112
  • 12912 Constitution Avenue NE, Albuquerque, NM 87112 Photo 1
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Description for 12912 Constitution Avenue NE, Albuquerque, NM 87112
Located in NE heights easy access to Uptown and area restaurants and retail.Measures of investment performance at actual rents of $612/month include GRM of 9.57, 6.80% Cap rate (before reserves), 8.80% Cash on cash and after tax internal rate of return of 13.30%.Measures of investment performance at market rents $670/month include GRM of 8.75, 7.60% Cap rate (before reserves), 12.0% Cash on cash and after tax internal rate of return of 21.2%.
MLS #906072
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My Notes for MLS #906072

General Features

  • Property Type: C
  • Units for Sale: 4
  • Approx Structured SqFt: 3,536
  • Year Built: 1972
  • Total Number of Stories: 2
  • Total Number of Buildings: 1
  • Stories: 2
  • Property Sub-Type: Four Plex
  • 5+ Units: No
  • Age: 41 - 50
  • Number of Units: 4
  • Lot SqFt: 7,841
  • Zoning: R-3

Exterior Features

  • Number of Parking Spaces: 6
  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 4
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 884
  • Unit Summary: Total Units: 4
  • Unit Summary: Average Unit Size: 884
  • Unit Summary: Average Actual Rent: 613
  • Unit Summary: Annualized: 29,424
  • Flooring: Carpet

Utility Features

  • Amenities: No Landscaping
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 2,686
  • List Price/SqFt: 80
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 613
  • Unit Type 1: Max Rent: 650
  • Unit Type 1: Market Rent: 670
  • Unit Summary: Total Actual Rent: 2,452
  • Finance Considered: Cash,​FHA,​VA
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Grandview Heights Sub

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Frame

Location

 
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Directions to 12912 Constitution Avenue NE, Albuquerque, NM 87112
From I-40 and Tramway, north to Indian School, west on Indian School to Constitution west to property.
The listing information for 12912 Constitution Avenue NE, Albuquerque, NM 87112 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/21/2018 at 11:23pm
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