2104 Lead Ave SE, Albuquerque, NM 87106
- Bed
- 1
- Baths
- 2
- Sqft
- 2,670
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Overview
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%.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 3
- Number of bedrooms
- 1
- Number of bathrooms
- 2
- Square feet
- 2,670
- Lot size (acres)
- 0.16
- Year built
- 1936
Utilities
- Heating
- Wall Furnace
- Cooling
- Ductless
Taxes
- Tax Annual Amount
- $1,940.58
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®#: 1104393 Last checked: …

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