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$5,317,173
1 Bed
1 Bath
33,000sqft
419 Monroe St Ne, Albuquerque, NM 87108
$5,317,173
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Multi Family
Built in 1960
$-- HOA
1.23 acres lot
$161/sq.ft
Description
CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $878 a month are a GRM of 8.06, a 6.19% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 17.0%And Value AddThe property is currently 20.3% below market rents and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,100, the metrics of investment performance improve to a cap rate of 8.82% and a cash on cash of 12.17%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The prope...
Continue Reading- Houzeo last checked: 49 Minutes ago
- Listing updated: March 23, 2026 at 10:06 pm
- Listing Provided by: Todd D Clarke (505) 440-8633 DRE #13711, Kyle E Deacon (505) 878-0100 DRE #15579 | NM Apartment Advisors, Inc. (505) 440-8633
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1092700
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
33,000 sqft
Lot Size
1.23 acres lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1092700
MLS Status
Active
Days on Market
249
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