530 Tennessee Street NE, Albuquerque, NM 87108

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$453,550

bedrooms

bathrooms

square feet

3,592

Acreage

0.16

Open Houses

year built

1985

Full Baths

Half Baths

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Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. A recently vacated unit is available for an owner-occupant and with an ask price of the current average rents of $1,050, and an ask price of $453,550 the measures of investment performance include a price per unit of $113,387, price per square foot of $126.27, a GRM of 9.00, an after reserves cap rate of 6.50%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 8.47%.The property is well located at 530 Tennessee NE and is close to grocery stores, Uptown, University area and so much more. The property is also across the street from the Mesa Verde park and the Community Center

Location
Subdivision	Mesa Verde Addition
County	Bernalillo
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1081214

Listing agent: Todd D Clarke #13711

Listing broker: Nm Apartment Advisors Inc. (505) 440-8633

Last update: Wednesday, April 2 2025 at 9:06 p.m. EDT

Kotohomes National