4113 Atrisco - 4201-4209 Drive Nw, Albuquerque, 87120



Todd D Clarke
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This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities.Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit - 3/2 + 2 car garage as well as a small onsite management office.Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%.Value in 3rd party management, charging for storage units & raising rents.

Essential Information

MLS® #: 940537
Price: $2,272,500
Square Footage: 26,954
Acres: 1.84
Year Built: 2006
Type: Residential Income
Sub-Type: 9 or More Units
Status: Pending

Community Information

Address: 4113 Atrisco - 4201-4209 Drive Nw
Area: 111 - Ladera Heights
Subdivision: Sloans Acres Sub
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87120


Amenities: Wshr/Dryr HU in Unit
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected


Appliances: Refrigerator
Heating: Central Forced Air
Cooling: Evaporative
# of Stories: 1
Stories: 1 Story


Construction: Frame

Additional Information

Date Listed: March 28th, 2019
Days on Market: 109
Zoning: R-ML*

Listing Details

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


$/SqFt: $84

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Listing information last updated on November 11th, 2019 at 3:41pm MST.