941 Alvarado Drive SE
Albuquerque, NM 87108

Description

Offered for sale by the original developer's family who has held title and occupied the property for 40+ years.The developer, Mr. Carl Williams was a rancher, developer and former executive director of the City of Albuquerque Parks and Recreation department. In 1963, he acquired this lot and designed his dream triplex, with plans (see page 16) to live there the rest of his life. His granddaughter and her family live in all 3 units.The property is being marketed with the bid process and an ask price of $256,000. Market comparable indicate that the final price is closer to $301,151. Current measure of investment performance as the ask price of $256,000 a GRM of 6.93, cap rate of 7.20%, a 11.50% cash on cash. The comparable sales supports $301,151. Property is being sold using BID Pr

Details

MLS#918612
Sub-TypeResale
StatusActive
Year1964
Days On Site8

Features

SQ Feet2,940
Units3
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87108
Area71 - Southeast Heights
Listing VS Median (in 87108)
Price:
$256,000
low | high
Med:
$195,000
73.828125% of Average
SqFt:
2,940
low | high
Med:
2,455
66.496598639456% of Average
$ / SqFt:
$87
low | high
Med:
$79
58.779913441955% of Average
On Site:
8
low | high
Med:
134
5.970149253731% of Average
Listing Updated: 05/22/2018
MLS Number: 918612
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.