401 12th & 423 Street Sw, Albuquerque, 87102

Beds
Baths
7,449Sqft
.32Acres
1936Built
23DOM

$883,791

Todd D Clarke
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NM Apartment Advisors is excited to bring to market this amazing 1930s vintage downtown Albuquerque apartment portfolio located on the edge of the Country Club Neighborhood. Located at 401 & 423 12th SW, 87102, this is a core asset with stabilized cash flow and recent renovations, it is also a value-add deal with rents that are 18.00% below market.If rents are raised to market average of $849, measures of investment performance increase to a GRM of 8.68, and a 6.62% cap rate. Email listing broker if you need the latest Downtown rent survey.Don't miss out - properties with high walk, bike and transit scores are going quickly!

Essential Information

MLS® #: 952878
Price: $883,791
Square Footage: 7,449
Acres: 0.32
Year Built: 1936
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 401 12th & 423 Street Sw
Area: 80 - Downtown Area
Subdivision: Raynolds Addidion
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87102

Amenities

Amenities: Tenant Storage
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Interior

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

Exterior

Roof: Flat
Construction: Block, Frame

Additional Information

Date Listed: August 29th, 2019
Days on Market: 23
Zoning: R-ML*

Listing Details

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

Financials

$/SqFt: $119

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Listing information last updated on September 22nd, 2019 at 6:25pm MDT.