• MLS® #: 949365
  • 1225-1241 Menaul Boulevard Nw
  • Albuquerque, NM 87107
  • $1,907,228
  • 16320 SqFt, 0.19 Acres
  • Residential Income
  • Office: Absolute Investment Realty

Amazing 20 unit apartment complex investment opportunity that has gone complete remodel in 2018! Recent property improvements including new roof, HVAC, stucco repair and new paint, new carpet and vinyl flooring, and many other updates. The property is currently leased ''introductory'' lease rates averaging $707. Market lease rates for the trade area are estimated to be approximately $850 per month, giving the new owner of this property significant potential upside. New owner also has an opportunity to remodel 7 interior units to maximize their returns. There is also 0.7117 Acre of land available for sale zoned R-ML to develop additional multifamily units. Hurry and take advantage of this fast developing trade area!

Essential Information

  • MLS® #949365
  • Price$1,907,228
  • Square Footage16,320
  • Acres0.19
  • Year Built1980
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address1225-1241 Menaul Boulevard Nw
  • Area101 - Near North Valley
  • SubdivisionColeman Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87107

Amenities

  • Parking1 Space Per Unit

Amenities

Balconies/Deck, Fireplace All Units

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Community Water

Interior

  • HeatingCentral Forced Air
  • CoolingCentral
  • FireplaceYes
  • # of Stories2
  • Stories2 Story

Appliances

Dishwasher, Disposal, Refrigerator, Washer H/U, Dryer, Fan/Hood, Frestnd Gas Stv/Ovn, Washer

Exterior

  • RoofPitched
  • ConstructionFrame

Additional Information

  • Date ListedJuly 13th, 2019
  • Days on Market97
  • ZoningR-ML*
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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 November 16th, 2019 at 9:28pm MST.