• MLS® #: 952272
  • 401 14th & 416-422 14th Street Sw
  • Albuquerque, NM 87102
  • $1,742,500
  • 12745 SqFt, 0.40 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

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 Footage12,745
  • Acres0.40
  • Year Built1940
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Area80 - Downtown Area
  • SubdivisionHuning Castle Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87102

Address

401 14th & 416-422 14th Street Sw

Amenities

  • AmenitiesSome Landscaping

Utilities

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior

  • AppliancesRefrigerator
  • HeatingOther - See Remarks
  • CoolingEvaporative
  • # of Stories1
  • Stories1 Story

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedAugust 22nd, 2019
  • Days on Market31
  • ZoningMX-L*
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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 September 23rd, 2019 at 5:13am MDT.