NM > Albuquerque > Lot 43, Floral Gardens Subdivision
Albuquerque, NM 87104,2450 Floral RD NW
Albuquerque, NM 87104,2450 Floral RD NW
Albuquerque, NM 87104,2450 Floral RD NW
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Listed by NM Apartment Advisors, Inc.
$466,888
Est. payment /mo
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3 Beds
2 Baths
2,786 SqFt
New

2450 Floral RD NW Albuquerque, NM 87104

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Jeff Rose

Jeff Rose

+1(505) 205-4175

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,786 sqft

Price per Sqft $167

Subdivision Lot 43, Floral Gardens Subdivision

MLS Listing ID 1087069

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1946

Annual Tax Amount $4,975

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions Public Records

Property Sub-Type Duplex

Property Description

The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity

Location

State NM

County Bernalillo

Area 101 - Near North Valley

Interior

Heating Central, Forced Air, Wall Furnace

Flooring Carpet, Tile, Vinyl, Wood

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101305903017632123

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

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agent

Jeff Rose

License ID: 17279

+1(505) 205-4175

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2450 Floral RD NW