2104 Lead Avenue SE, Albuquerque, NM 87106
- $619,887
- 1
- BD
- 2
- BA
- 2,670
- SqFt
- List Price
- $619,887
- MLS#
- 1104393
- Property Type
- Multifamily
- Bedrooms
- 1
- Bathrooms
- 2
- Sqft. of Residence
- 2,670
- Lot Size
- 7,013
- Region
- UNM
- Status
- ACTIVE
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%.
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Additional Information
- County
- Bernalillo
- Subdivison
- Buena Vista Heights Add
- Acres
- 0.16
- Appliances
- Refrigerator
- Construction
- Frame, Stucco
- Cooling
- Ductless
- Flooring
- Carpet Free, Vinyl
- Heating
- Wall Furnace
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-T*
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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.