• MLS® #: 951252
  • 3409 Tulane Drive Ne
  • Albuquerque, NM 87107
  • $825,000
  • 0.36 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

On behalf of the owner, NM Apartment Advisors Inc., and PS Properties are pleased to present this opportunity to acquire ten architecturally unique two-bedroom units in the centrally located Alta Monte neighborhood. The building was designed by the legendary Albuquerque-based architect Bart Prince, one of the foremost international practitioners of organic architecture. Gated and fenced, the building offers secure resident parking. A central courtyard provides a gathering place. Recent improvements during the last two years include seven new gas furnaces, a partial roof replacement, re-stuccoing, exterior paint and a laundry room upgrade. Measures of investment performance at ask price of $825,000 and current average rents of $739 are a GRM of 9.31, a 6.97% cap rate, IRR =18.60%

Essential Information

  • MLS® #951252
  • Price$825,000
  • Acres0.36
  • Year Built1979
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address3409 Tulane Drive Ne
  • Area41 - Uptown
  • SubdivisionIndian Acres Sub
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87107

Amenities

  • AmenitiesOwners Unit

Utilities

Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected, Phone Connected

Interior

  • AppliancesRefrigerator
  • HeatingOther - See Remarks
  • CoolingOther - See Remarks
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionBrick, Frame

Additional Information

  • Date ListedAugust 7th, 2019
  • Days on Market124
  • ZoningR-ML*
Print this Page

Property Location

Get directions to this property:
Please provide a valid email address.

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 December 9th, 2019 at 9:28pm MST.