1340 San Mateo Boulevard Se, Albuquerque, 87108



Todd D Clarke
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NM Apartment Advisors is excited to bring to market this 7 unit apartment with large owners units to the market. Built in 1957, this property has a ton of built-ins - in the kitchen, closets and bedroom.Mostly hardwood floors and 100% charm, the property, 1340 San Mateo SE, is just north of the famous Chevy-on-the-stick-sculpture, and possesses a good walk (79), bike (79), and transit (38) scores.At the ask price of $430,000 and an average rent of $565, the measure of investment performance include a GRM of 9.06, a CAP rate of 6.20%, a price per unit of $61,429, a price per square foot of $82.38 and an after tax IRR of 14.10%.If rents were raised to market of $612, the measure of investment performance improve to a cap rate of 6.60%.

Essential Information

MLS® #: 933859
Price: $430,000
Square Footage: 5,320
Acres: 0.26
Year Built: 1957
Type: Residential Income
Sub-Type: 7 Units
Status: Pending

Community Information

Address: 1340 San Mateo Boulevard Se
Area: 71 - Southeast Heights
Subdivision: Virginia Place Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87108


Amenities: Owners Unit
Utilities: All City


Appliances: Refrigerator
Heating: 2+ Units
Cooling: Evaporative
# of Stories: 2
Stories: 2 Story


Construction: Frame

Additional Information

Date Listed: December 10th, 2018
Days on Market: 443
Zoning: MX-L*

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633


$/SqFt: $81

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Listing information last updated on March 31st, 2020 at 10:26am MDT.