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8101 Marble Avenue NE Albuquerque, NM $ 1,600,000
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$ 1,600,000 Get more info
8101 Marble Avenue NE
$ 1,600,000
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8101 Marble Avenue NE

Albuquerque, NM, 87110
$ 1,600,000
Bedrooms2 Baths1.0 Sq 11,169

Monthly Estimate*

$ 11,176

8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 1
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8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 5
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8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 7
8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 8
8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 9
8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 10
8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 11
8101 Marble Avenue NE, Albuquerque, NM 87110 - Image 12

Multi-Family Home for sale in Albuquerque, NM

for $1,600,000 with 2 bedrooms and 1 full bath. This 11,169 square foot home was built in 1977 on a lot size of 0.65.

Cap Rate: 6.08%;Year 2-3 Pro Forma Cap Rate: 8.60%;GRM: 9.97;Year 2-3 Pro Forma GRM: 8.39;Year 2-3 Projected Cash-on-Cash Return: 9.32% to 16.91% *65 LTV 7.15% Fixed Loan & 80 LTV Affordable 4.85% Loan, respectively.Building Age: 1977.Property Highlights: Marble's Renovated Units Lease 31.12% Higher than those Not Renovated. Projected Year 2-3 Gross Income Growth: 18.96%. Substantial Capital Improvements 2018-2023. Excellent Unit Mix: 50% 1 BR-1 BA, 50% 2 BR-1 BA. Situated in a Well-Maintained Office Corridor. Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%. Decommissioned Shared-Laundry Facility. In-Place Utility Reimbursement (RUBS).

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Multi-Family Pending

Price

$ 1,600,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 7,749

Style

MultiFamily

Lot Size

0.65

Year Built

1977

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1044190
Features
General
Heating FloorFurnace
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Refrigerator RangeHood
Exterior Features Landscaping
Construction Materials Frame
Year Built 1977
Electric Other
Tenant Pays Electricity Other SeeRemarks
Stories 2
Levels Two
Property SubType MultiFamily
Accessibility WheelchairAccess
County Bernalillo
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Green Energy Generation None
Status Pending
Directions Head west on Lomas Blvd NE. Turn left onto Pennsylvania St NE. Go for 492 ft. Then turn right onto Marble Ave NE. Go for 0.2 mi. The ''subject'' property is situated on the northwest corner of Texas
City Albuquerque
Buyer Agent Compensation 2%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description R-MH*
Total Units 16
MLS Area 70 - Fairgrounds
Lot Size Square Feet 28314.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Marble
Listing Terms Cash Conventional FHA InvestorFinancing VALoan
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 7749.0
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Builder Name Unknown
Standard Status Pending
Legal Description Lot D-2 in MESA DEL NORTE HEIGHTS No. 10 (being a Replat of Lot D Mesa Del Norte Heights No.10 and Lot 5 Block 17 East End Addition) City of Albuquerque Bernalillo County New Mexico.
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Interior
Flooring Tile Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 1
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Exterior
Total Parking 24.0
Number of Buildings 1
Spa N
Building Area Total 11169.0
Lot Size Acres 0.65
Lot Size Source Survey
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Sarah Raboff

Listing Agent

Nai Sunvista Commercial Re

Broker

sarahr@gotspaceusa.com

Email

Affordability Calculator

$11,822
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,176
Monthly Property Taxes
$646
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/2/2023$1,600,000 Listed Price

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8101 Marble Avenue NE, Albuquerque, NM, 87110 is a Multi-Family Home for sale at $1,600,000 with 11,169 sqft and a lot size of 0.65. 8101 Marble Avenue NE has 2 bedrooms, 1.0 baths, and was built in 1977. The property's zip code is 87110 which is in Albuquerque, NM

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