424 Cordova Avenue NW
Albuquerque, NM 87107
About this property
At the ask price of $220,000 and an average potential rent of $1,125 the measure of investment performance include a price per unit of $110,000, a price per square foot of $223.91, a 8.84… Show more
At the ask price of $220,000 and an average potential rent of $1,125 the measure of investment performance include a price per unit of $110,000, a price per square foot of $223.91, a 8.84 GRM, and 7.15% before reserves cap rate.At this new price, Seller has a strong preference for an all cash, close quick offer.The property features a 1930's north valley homes is all authentic north valley Albuquerque charm with private courtyard walls in adobe colors, brick floors in the casita, and private backyard spaces. Each apartment offers its own distinct apartments well-preserved vintage character and charm with one studio unit and one, one bedroom, one bathroom unit.
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About North Valley
The North Valley is the low, irrigated stretch of Albuquerque between the Rio Grande and Interstate 25, running north from Interstate 40 to the Sandoval County line. Spanish farming villages took root along its acequias in the 1600s and 1700s, and the ditches still cross back yards and pastures.
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