7979 Bell Avenue Southeast, Albuquerque, NM 87108, USA
29Bed:
17Bath:
13,614 Sq FtLiving Area:
Save
Price
$ 1,85M
Show
6
more
About This
House
NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico.The sellers are offering financing to qualified investors ( ) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. ( subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax consequences and cash out.Additionally, the portfolio is priced 23% below comps.
Protect Yourself FromRental Scams
While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
The average household income in
Albuquerque, NM
grew
from
$50,456
to
$51,099
in the past year. This data is an estimate based upon
228,491
households in
Albuquerque, NM. The chart below presents how household income is distributed in
Albuquerque, NM
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Albuquerque, NM
compared to median property taxes around the country. The prevalent amount of property taxes in
Albuquerque, NM
equals
$2k-$3k
, which is
less
than the national average.