1200 Ortiz Dr SE

Albuquerque NM 87108

25632 sq. ft.

13503.6 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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) ...

Features

3 bedrooms

2 bathrooms

47 carspaces

25632 sq. ft. floor area

13503.6 sq. ft. lot size

Multi-Family

Property history for 1200 Ortiz Dr SE

2020

Sold

Undisclosed

22 May 2020 by Todd Clarke CCIM, of NM Apartment Advisors, Inc.

Happy sellers in Albuquerque

We have insufficient information to provide an overview of customer satisfaction for Albuquerque. Viewing the agent profiles, reviews and sales for Albuquerque can provide insights for this location.

Local market activity for 3 bedroom multi families in Albuquerque

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Todd Clarke

at NM Apartment Advisors, Inc.

View listing

Sales:: (619) 566-0008

Quick Links

Terms & Conditions

Licensing

Sitemap