BEDS1
BATHS
SQUARE FEET2,670
MLS#1104393
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBuena Vista Heights Add
Property Description
This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless
Heating: Wall Furnace
Lot Size: 0.16 Acres
Stories: 3.0
Taxes: $1,940
Year Built: 1936
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Days on Site: 3
Exterior: Frame, Stucco
Flooring: Carpet Free, Vinyl
Parcel#: 101505747717341720
Units: 8
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agent Name: Amanda Gessler
Agent Phone: (505) 203-9710
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,722.07 per month $1,379.60 Principal & Interest $161.67 Property Tax $180.80 Homeowner's InsuranceChange Payment Information
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2104 Lead Avenue Se | MLS# 1104393
This multi-family property located at 2104 Lead Avenue Se, Albuquerque, NM 87106 is currently listed for sale with an asking price of $619,887. Search Albuquerque real estate on agessler.cblegacy.com today.