12229 Menaul Boulevard Ne, Albuquerque, NM

$579,429

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3

Beds

2

Baths

3,107

Square feet

0.19

Acres

About 12229 Menaul Boulevard Ne

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Features of 12229 Menaul Boulevard Ne

MLS® # 1053809
Price $579,429
Bedrooms 3
Bathrooms 2.00
Square Footage 3,107
Acres 0.19
Year Built 1977
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 12229 Menaul Boulevard Ne
Area 50 - Northeast Heights
Subdivision Brentwoods Hills
City Albuquerque
County Bernalillo
State NM
Zip Code 87112

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Interior Tile
Appliances Refrigerator
Heating Central, Forced Air
Cooling Evaporative Cooling
Fireplace No
# of Stories 1
Stories One

Exterior

Construction Frame, Stucco

Additional Information

Date Listed December 4th, 2023
Days on Market 363
RE / Bank Owned No

Listing Details

OfficeNM Apartment Advisors, Inc.

Listing Map

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