2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
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Listed by NM Apartment Advisors, Inc.
$450,000
Est. payment /mo
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1 Bed
2 Baths
2,670 SqFt
Price Dropped by $169K

2104 Lead AVE SE Albuquerque, NM 87106

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Jeff Rose

Jeff Rose

+1(505) 205-4175

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,670 sqft

Price per Sqft $168

Subdivision Buena Vista Heights Add

MLS Listing ID 1104393

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $1,940

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area eight-plex to market.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. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail--basically everything a young university student would need is close by!Start PriceThat start price is about the same as the average ABQ fourplex - metrics of investment performance at the ask price of $450,000 and with average rent at $750 include a price per sf of $169, a price per unit of $56,250, a GRM of 6.25, cap rate of 9.01% and an after-tax internal rate of return of 23.3%. If rents are raised to market average of $959, the measure of investment performance improve to a potential cap rate of 12.42%.BID Process/timelineThe property tour is noon on Tuesday, October 6th - register at (see flyer)(this also provide access to the confidential document center)Offer deadline is noon no Thursday, October 8th.

Location

State NM

County Bernalillo

Area 40 - Unm

Interior

Heating Wall Furnace

Cooling Ductless

Flooring Carpet Free, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Construction Status Resale

Others

Tax ID 101505747717341720

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)
Nearby Locations

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Jeff Rose

Jeff Rose

License ID: 17279

+1(505) 205-4175

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2104 Lead AVE SE