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
For sale
$466,888
2450 Floral Rd NW, Albuquerque, NM 87104
6beds
4baths
2,786sqft
Est.:
Duplex, Multi Family
Built in 1946
-- sqft lot
$450,000 Zestimate®
$168/sqft
$-- HOA
What's special
Hardwoods floors
- 38 days
- on Zillow |
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