12612 Copperwood

01-15-2022
01-20-2022

12612 Copperwood Dr NE, Albuquerque, NM 87123

NE Heights Fourplex – patiohome style units

 

On behalf of the owner, NM Apartment Advisors is excited to bring to market this downtown triplex.

 

This beautiful fourplex is like a series of side by side patio homes.  Located in the NE heights, nestled just west of the stunning Sandia mountain foothills, this value add property also has potential for an owner occupant as two units are coming vacant in the near future.

 

Each unit has its own backyard space, washer/dryer hookups and kitchen area to the living space.

 

Do not miss out on this rare opportunity to own a investment asset in an area surrounded by new employment and development opportunities

 

13 page flyer can be found at  - http://www.nmapartment.com/apt/NMAA-Copperwood12621NE.pdf

 

Measures of investment performance at ask price of $335,506 with a current average rent of $644 are a GRM of 10.86, a 4.99% cap rate before reserves, 4.72% cap rate after reserves, 14.80% after tax IRR, $83,877 per unit, and a price per sf of $98.68.

 

If all of the unit rents are raised to the market of $835, the measure of investment performance improve to a cap rate of 7.34%.

 

Do not wait, currently there are less then 10 fourplexes in the market for sale, and few that are in this kind of highly sought  after location.

 

 

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

 

PS: Curious about how our market is going to experience double digit rent growth in 2021?  Review our forecast at Forecast 2021 at http://www.nmapartment.com/zoomforecast2021

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
2br/1ba 4 850 $ 644

Key Property Information

Listing Status
Under Contract
Multifamily type
2-4 Units
Price
$ 335,506
No. of Units
4
Cap Rate
4.99%
GRM / GIM
10.86
Year Built
1979
Building Size
3,400 Sq ft
Lot Size
8,276 Sq ft
No. of Stories
1
APN
102205723827220745
Zoning Code
R-ML
No. of Parking Spots
5
Opportunity Zone
Off
Price per unit
$ 83,877
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35.07949, -106.507083

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