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: 2
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
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
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
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
Ashly Jaramillo
I had an excellent experience working with Ashly. I would recommend her to anyone that is in the process of buying a home.— Martha Edwards
— Martha Edwards
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 www.cblegacy.com today.