About 1200 Ortiz Drive Se
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Residential Income property for sale in Albuquerque, NM at 1200 Ortiz Drive Se. This 1 bedroom Residential Income property is priced at $155/sqft
Features of 1200 Ortiz Drive Se
| MLS® # | 1092641 |
|---|---|
| Price | $3,965,358 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 25,632 |
| Acres | 0.31 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Albuquerque
| Address | 1200 Ortiz Drive Se |
|---|---|
| Area | 71 - Southeast Heights |
| Subdivision | Virginia Place Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities of 1200 Ortiz Drive Se
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 1200 Ortiz Drive Se
| Interior | Carpet, Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Active Solar, Other, See Remarks |
| Cooling | Other |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior of 1200 Ortiz Drive Se
| Construction | Block |
|---|
Additional Information On 1200 Ortiz Drive Se
| Date Listed | October 8th, 2025 |
|---|---|
| Days on Market | 3 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|