401 14th & 416-422 14th Street Sw, Albuquerque, 87102



Todd D Clarke
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NM Apartment Advisors is excited to bring to market this amazing 1940svintage downtown Albuquerque apartment portfolio located on the edge of the Country Club Neighborhood and spanning two zip codes. Located at 416-422 14th SW, 401 14th SW (87102) and 1406 Gold SW (87104). This is a core asset with stabilized cash flow and recent renovations, its also a value add deal with rents that are 29.00% below market.Located across the street from the each other, the 8 and 14 unit property each have private secure court yards. 401 14th SW also has 14 recently renovated garages (12 alley access, 2 street access).Measures of investment performance at ask price of $1,742,500 and current average rent of $587 are a GRM of 11.24, a 6.15% cap rate, $79,204 per unit, and $149/sf.

Essential Information

MLS® #: 952272
Price: $1,742,500
Square Footage: 12,745
Acres: 0.40
Year Built: 1940
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 401 14th & 416-422 14th Street Sw
Area: 80 - Downtown Area
Subdivision: Huning Castle Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87102


Amenities: Some Landscaping
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected


Appliances: Refrigerator
Heating: Other - See Remarks
Cooling: Evaporative
# of Stories: 1
Stories: 1 Story


Construction: Frame

Additional Information

Date Listed: August 22nd, 2019
Days on Market: 29
Zoning: MX-L*

Listing Details

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


$/SqFt: $137

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Listing information last updated on September 21st, 2019 at 1:56pm MDT.