3409 Tulane Drive Ne, Albuquerque, 87107

Beds
Baths
Sqft
.36Acres
1979Built
16DOM

$825,000

Todd D Clarke
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The Bart Prince Apartments feature ten architecturally unique two-bedroom units in the centrally located Alta Monte neighborhood. Designed by the legendary Albuquerque architect Bart Prince, the building is gated and fenced with a central courtyard. Each unit boasts an original feature - fireplace, balcony or fenced yard - making them easy to rent. The building has been thoughtfully updated with newer gas furnaces and roof, brand new stucco, exterior paint and a laundry room upgrade. Located within a 5-mile radius of over 75,000 jobs, this property is well positioned and close to Downtown, UNM, Uptown and the North I-25 corridor. The building has an excellent rental history with further upside potential. Present rents average $714, giving a GRM of 9.63 with a 6.39 CAP at the asking price.

Essential Information

MLS® #: 951252
Price: $825,000
Acres: 0.36
Year Built: 1979
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 3409 Tulane Drive Ne
Area: 41 - Uptown
Subdivision: Indian Acres Sub
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87107

Amenities

Amenities: Owners Unit
Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior

Appliances: Refrigerator
Heating: Other - See Remarks
Cooling: Other - See Remarks
# of Stories: 2
Stories: 2 Story

Exterior

Construction: Brick, Frame

Additional Information

Date Listed: August 7th, 2019
Days on Market: 16
Zoning: R-ML*

Listing Details

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

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 August 24th, 2019 at 8:56pm MDT.