1209 Dr Martin Luther King Jr Ave NE - Apartments FOR SALE


Albuquerque, NM 87106- Sycamore
$1,195,000 USD
505-803-3775
1209 Dr Martin Luther King Jr Ave NE, Albuquerque, NM for Sale
$1,195,000 USD
Apartments - FOR SALE
1/21
null | 6.26% Cap Rate

1209 Dr Martin Luther King Jr Ave NE
Albuquerque, NM 87106
Sycamore


HIGHLIGHTS

  • 770 SF Spacious 1 Bedroom Apartments
  • Bonus Secured Storage
  • Carport Parking
  • Recent Updates include: Thermal Windows, TPO Roof, & Updated Electrical

OVERVIEW

Mid Century Modern character abounds in this unique UNM area 10-Plex. The largest 1 Bedroom Apartments in the submarket boast original hardwood floors, tons of built-ins, and big updated vinyl windows. Residents at 1209 MLK JR NE get a whole lot more space for flexibility and multi-functionality. Living / Dining Room is giant with coved ceilings and great natural light. The bedrooms and closets are also large, with enough room for multiple uses. Apartments are separately metered for gas and electric. Electric Service was just upgraded to give the next owner a jump start on future improvements. Properly Updated Building features secured common areas and carport parking. Just 4 Blocks to UNM and 3 Blocks to EDO.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

10

PRICE/UNIT

$119,500

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-T

APN/PARCEL ID

1-015-057-225430-2-35-01

ASK ABOUT THIS PROPERTY

Kyle DeaconDeacon Property ServicesMore Info
505-803-3775

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Kyle DeaconDeacon Property ServicesMore Info
505-803-3775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.