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

Beds
Baths
12,745Sqft
.4Acres
1940Built
29DOM

$1,742,500

Todd D Clarke
Please provide a valid email address.

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

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

Interior

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

Exterior

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

Financials

$/SqFt: $137

Properties for Sale Similar to 401 14th & 416-422 14th Street Sw, Albuquerque, NM

Gated Community With 29 Units, Two Downtown Par...

$2,120,000 Active 1021 Coal Avenue, Albuquerque, NM
  • 0.66 Acres
  • 17,700 ft²

Residential Income

Gated Community With 29 Units, Two Downtown Parking Lots, Laundry Facility And Three X 2 Car Garages Plus A Management Office.measures Of Investment Performance At Ask Price Of $2,120,000 And Current Average Rent Of $597 Are A Grm Of 10.20, A 6.59% Cap Rat...

MLS® #933862

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 September 21st, 2019 at 1:56pm MDT.