• MLS® #: 952878
  • 401 12th & 423 Street Sw
  • Albuquerque, NM 87102
  • $883,791
  • 7449 SqFt, 0.32 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

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 Footage7,449
  • Acres0.32
  • Year Built1936
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address401 12th & 423 Street Sw
  • Area80 - Downtown Area
  • SubdivisionRaynolds Addidion
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87102

Amenities

  • AmenitiesTenant Storage

Utilities

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

Interior

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

Exterior

  • RoofFlat
  • ConstructionBlock, Frame

Additional Information

  • Date ListedAugust 29th, 2019
  • Days on Market17
  • 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 September 15th, 2019 at 10:28pm MDT.