4,983 Square Foot Multi-Family Space For Sale @ 1300 Coal Ave Sw

Two four plexes in downtown Albuquerque - hardwood floors, attractive interiors, although the Seller is interested in selling all 8 units at the same time, the Seller is open to selling each fourplex separately, with the intention of having a similar closing timeframe for each buyer to allow the Seller to complete a 1031 exchange. Based on income, 1300 Coal SW is listed for $283,050 and 1304 Coal SW is listed for $318,750, for a combined ask price of $601,880. Please note comparable sales supports a price closer to $736,000.

Measures of investment performance: 6.94% Cap rate, 10.56 cash on cash, 25.24% before tax IRR and 20.28% after tax IRR.

Property tour scheduled for 4/24 at noon, offer deadline at 5pm, on 5/3/2017.

Located just west of downtown Albuquerque, east of the historic Albuquerque Country Club neighborhood north of the Rio Grane Zoo/BioPark and south of Old Town Albuquerque, this location has a walk score of 72, transit score of 45, and bike score of 94.