$579,429

12229 Menaul Boulevard NE, Albuquerque, NM 87112

  • 3 beds |
  • 2 baths |
  • 3,107 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $186/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Listing Status:
Active
Date Added:
December 4, 2023 at 06:00AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1053809
  • Appliances: Refrigerator
  • Flooring: Tile
  • A/C: Evaporative Cooling
  • Heating: CentralForced Air
  • Disability Feature: None
  • Eco/Green Feature: None
  • Parking: Parking spaces: 4
  • General: FrameStucco1
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: Lot 18A Replat of Lots 15 thru25Block 7Brentwood HillsSubdivision102205943630110604
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater ConnectedNone
  • Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke, NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Onate Elementary School

12415 Brentwood Hills Blvd NE, Albuquerque, NM, 87112

Grades KG-5

0.29 miles away

H

Hoover Middle School

12015 Tivoli Ave NE, Albuquerque, NM, 87111

Grades 6-8

0.92 miles away

P

Public Academy for Performing Arts

11800 Princess Jeanne Ave NE, Albuquerque, NM, 87112

Grades 6-12

1.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.