BEDS3
BATHS
SQUARE FEET25,632
MLS#1092641
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONVirginia Place Addition
Property Description
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Fenced: Yes
Heating: Active Solar, Other
Lot Size: 0.31 Acres
Stories: 1.0
Taxes: $3,774
Year Built: 1964
Feature Descriptions
Appliances: Refrigerator
Days on Site: 190
Exterior: Block
Flooring: Carpet, Vinyl
Parcel#: 101805604219331411
Security: Complex Fenced
Units: 44
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
Estimate Your Payment
Estimated Payment
$ 10,296.23 per month $8,825.17 Principal & Interest $314.50 Property Tax $1,156.56 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
1200 Ortiz Drive Se | MLS# 1092641
This multi-family property located at 1200 Ortiz Drive Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $3,965,358. Search Albuquerque real estate on www.cblegacy.com today.