2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
2104 Lead AVE SE, Albuquerque, NM 87106
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Katie Fellure

Katie Fellure

+1(505) 221-6108
Listed by NM Apartment Advisors, Inc.
$ 619,887
Est. payment | /mo

1 Bed

2 Baths

2,670 SqFt

Save
$ 619,887
Est. payment | /mo
Save

1 Bed

2 Baths

2,670 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,670 sqft

Price per Sqft $232

Subdivision Buena Vista Heights Add

MLS Listing ID 1104393

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $1,940

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.

Location

State NM

County Bernalillo

Area 40 - Unm

Interior

Heating Wall Furnace

Cooling Ductless

Flooring Carpet Free, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Construction Status Resale

Others

Tax ID 101505747717341720

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Katie Fellure

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 221-6108

katie.fellure@exprealty.com

100 Sun Ave NE, Albuquerque, NM, 87109-4659, USA

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2104 Lead AVE SE