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

Beds
Baths
26,954Sqft
1.84Acres
2006Built
109DOM

$2,272,500

Todd D Clarke
Please provide a valid email address.

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

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

Interior

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

Exterior

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

Financials

$/SqFt: $84

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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