2104 Lead Ave SE, Albuquerque, NM 87106

Bed
1
Baths
2
Sqft
2,670

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed byDeacon Property Services
  • 0
  • 0

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

Loading

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:

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Deacon Property Services, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.