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Archived 5 months ago

$119,999

1 bd 1 ba 590 sqft

2800 Vail Ave, Albuquerque, NM 80132

Residential Condo

Current Rent **

$1,000

Projected Rent **

$2,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Perfect for First Time Investor!

This was our first investment property we ever purchased! It has been a great rental property for us and we are sad to part with it. Located 2 miles from Kirtland AFB, within walking distance to Nobb hill and a golf course, and 2 min from I-25, this condo is in a perfect location for renters. The HOA is $300 and covers utilities, outdoor maintenance and security of the property. The renter is able to park inside the gated community. We are selling furnished and have recently replaced the shower and HVAC system. This is a turnkey buy! Please contact [email protected] or 315-657-4670 for more details. We have rental income numbers if you would like us to send. Thanks!
https://www.zillow.com/homedetails/2800-Vail-Ave-SE-UNIT-120-Albuquerque-NM-87106/67907929_zpid/

Location:

2800 Vail Ave, Albuquerque, NM 80132

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.