3505 Lafayette Drive NE, Albuquerque, NM 87107
- $950,000
- 2
- BD
- 1
- BA
- 9,100
- SqFt
- List Price
- $950,000
- MLS#
- 1103496
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft. of Residence
- 9,100
- Lot Size
- 16,374
- Region
- Near North Valley
- Status
- ACTIVE
Property Description
At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)
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Additional Information
- County
- Bernalillo
- Subdivison
- Indian Rest Sub
- Acres
- 0.38
- Appliances
- Refrigerator
- Construction
- Frame, Stucco
- Flooring
- Vinyl
- Heating
- Forced Air
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-ML*
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Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.