No Photos
Image 1 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 2 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 3 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 4 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 5 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 6 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 7 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 8 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Image 9 - 419 Monroe Street Northeast, Albuquerque, NM 87110, USA - House for sale
Home For Sale In Albuquerque, New Mexico
419 Monroe Street Northeast, Albuquerque, NM 87110, USA

Home For Sale In Albuquerque, New Mexico

house for sale
views
Listed: 03/13/24

419 Monroe Street Northeast, Albuquerque, NM 87110, USA

1 Bed:
1 Bath:
33,000 Sq Ft Living Area:
Save
Price
$ 5,81M

About This House

Zia at Nob-Hill's current ownership is on a runway towards achieving a 9.24% cap rate with individual unit renovations and higher rents.The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (202o), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 9.24%.CORE AssetMeasures of investment performance at the ask price of$5, 807, 969and current average rents of $885 a month are a GRM of10.94,a 5.92% cap

Protect Yourself From Rental 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.

Pueblo Alto Housing & Living

Household Income

Median household income: $51,099
Number of households: 228,491
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.