1200 Ortiz DR SE Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,632 sqft
Price per Sqft $154
Subdivision Virginia Place Addition
MLS Listing ID 1092641
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1964
Annual Tax Amount $3,774
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions Survey
Property Sub-Type Multi Family
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) ...
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Active Solar, Other, See Remarks
Cooling Other
Flooring Carpet, Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Total Parking Spaces 47
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101805604219331411
Security Features Complex Fenced
Acceptable Financing Cash,Conventional
Green/Energy Cert Solar
Listing Terms Cash,Conventional