1225-1241 Menaul Boulevard Nw, Albuquerque, 87107

Beds
Baths
16,320Sqft
.19Acres
1980Built
116DOM

$1,907,228

Alfredo Barrenechea
(505) 346-6006
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Amazing 20 unit apartment complex investment opportunity that has gone complete remodel in 2018! Recent property improvements including new roof, HVAC, stucco repair and new paint, new carpet and vinyl flooring, and many other updates. The property is currently leased ''introductory'' lease rates averaging $707. Market lease rates for the trade area are estimated to be approximately $850 per month, giving the new owner of this property significant potential upside. New owner also has an opportunity to remodel 7 interior units to maximize their returns. There is also 0.7117 Acre of land available for sale zoned R-ML to develop additional multifamily units. Hurry and take advantage of this fast developing trade area!

Essential Information

MLS® #: 949365
Price: $1,907,228
Square Footage: 16,320
Acres: 0.19
Year Built: 1980
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 1225-1241 Menaul Boulevard Nw
Area: 101 - Near North Valley
Subdivision: Coleman Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87107

Amenities

Amenities: Balconies/Deck, Fireplace All Units
Utilities: Cable Available, Community Water, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Parking: 1 Space Per Unit

Interior

Appliances: Dishwasher, Disposal, Dryer, Fan/Hood, Frestnd Gas Stv/Ovn, Refrigerator, Washer, Washer H/U
Heating: Central Forced Air
Cooling: Central
Fireplace: Yes
# of Stories: 2
Stories: 2 Story

Exterior

Roof: Pitched
Construction: Frame

Additional Information

Date Listed: July 13th, 2019
Days on Market: 116
Zoning: R-ML*

Listing Details

Listing Agent: Alfredo Barrenechea
Listing Office: Absolute Investment Realty
Office Phone: (505) 346-6006

Financials

$/SqFt: $117

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 December 7th, 2019 at 2:41am MST.