621 Madison Street Ne is a $254,308, 1,664 square foot, 4 bedroom, 3.0 bath home on a 0.16 acre lot located in Albuquerque, NM.
Amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. This property was built in 1996, and includes two houses and a single car garage.Measurements of investment performance based on actual average rents of $825 per unit, 5.20% CAP rate, 11.80% before tax IRR, and 9.00% after tax. Based on a market rent of $1,005 per unit+$50 in garage income, the measure of investment performance improves to a 7.00% Cap (before reserves), and a 10.00% cash on cash.Ideal for the owner occupant or investor.
|Above Grade Sqft||1,664|
Disability Access - Unknown
Tenant Pays Other - See Remarks
|Property Sub Type|
New Year Add Brooms Sub
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