130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
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SEE ALL PHOTOS
130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
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130 Rhode Island Street SE
130 Rhode Island Street SE
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130 Rhode Island Street SE
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130 Rhode Island Street SE
130 Rhode Island Street SE
130 Rhode Island Street SE
Courtesy of NM Apartment Advisors, Inc.
Sold

130 Rhode Island Street SE

130 Rhode Island Street SE, Albuquerque, NM 87108

130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor

2
beds

1
bath

3,000 Sq.Ft. LIVING AREA

6,969.6 Sq.Ft. lot

Yusalet Rodriguez

Yusalet Rodriguez

Features & Amenities

Interior

  • total bedrooms2
  • Total bathroom1
  • Flooring Vinyl
  • APPLIANCES Refrigerator

Area & Lot

  • Status Sold
  • Living Area3,000 Sq.Ft.
  • Total Area3,000 Sq.Ft.
  • Lot Area6,969.6 Sq.Ft.
  • MLS® ID1058183
  • TypeMulti-Family
  • YEAR BUILT1980
  • NeighborhoodNew Mexico

Exterior

  • STORIES2
  • utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • HEAT TYPECentral, Forced Air
  • AIR CONDITIONINGEvaporative Cooling
  • Green featuresNone

Financial

  • Price Upon Request
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Contact Details

Charlotte Trone

Phone

(505) 350-0099

Email

[email protected]

Address

9674-3 EAGLE RANCH ROAD ALBUQUERQUE, NM 87114

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