NM > Albuquerque > Virginia Place Addition
Albuquerque, NM 87108,1200 Ortiz DR SE
Albuquerque, NM 87108,1200 Ortiz DR SE
Albuquerque, NM 87108,1200 Ortiz DR SE
Albuquerque, NM 87108,1200 Ortiz DR SE
Albuquerque, NM 87108,1200 Ortiz DR SE
Albuquerque, NM 87108,1200 Ortiz DR SE
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Jeremiah Collins

Jeremiah Collins

+1(505) 710-5478
Listed by NM Apartment Advisors, Inc.
$ 3,965,358
Est. payment | /mo

1 Bed

1 Bath

25,632 SqFt

Save
$ 3,965,358
Est. payment | /mo
Save

1 Bed

1 Bath

25,632 SqFt

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

Jeremiah Collins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 710-5478

redbooth@gmail.com

926 Pueblo Solano Rd NW, Albuquerque, New Mexico, 87107, USA

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1200 Ortiz DR SE