2810 Vail Ave SE
2810 Vail Ave SE, Albuquerque, NM, 87106
ID ef0dfb32
Overview
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace.The property also has a newer TPO Roof with transferrable warranty and updated / recent evaporative coolers.Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale (but owned by a different seller). Call Listing Brokers for additional details.Enjoy the fruits of all the exciting development and growth happening on Albuquerque's South Side.Metrics of investment performance at the ask price of $522,500 include a price per sf of $176, a price per unit of $130,625, and with current rents at $1,042 per month, it generates a GRM of 10.45, a cap rate after reserves of 6.17% and an after tax IRR of 15.20%.
