1200 Ortiz Dr SE, Albuquerque, NM 87108
- Beds
- 3
- Baths
- 2
- Sqft
- 25,632
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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) ...
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 1
- Number of bedrooms
- 3
- Number of bathrooms
- 2
- Square feet
- 25,632
- Lot size (acres)
- 0.31
- Year built
- 1964
Utilities
- Heating
- Active Solar, Other
- Cooling
- Other
Taxes
- Tax Annual Amount
- $3,774.44
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Southwest MLS (Greater Albuquerque Association of REALTORS) MLS®#: 1092641 Last checked: …
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