1309 Virginia St NE - Apartments FOR SALE


Albuquerque, NM 87110- Snow Heights
$710,376 USD
855-355-3853
1309 Virginia St NE, Albuquerque, NM for Sale
$710,376 USD
Apartments - FOR SALE
1/50
null | Request Cap Rate

1309 Virginia St NE
Albuquerque, NM 87110
Snow Heights


HIGHLIGHTS

  • Close proximity to amenities
  • Unique courtyard designs
  • Stylishly updated

OVERVIEW

Inspired design next to Kaseman- Thirteen09 is a well-located, beautiful condition fourplex – ready for owner-occupant. On behalf of the Owners, NM Apartment Advisors, and Arete Real Estate LLC, are excited to bring to market this core asset located at 1309 Virginia NE. Mid-century design meets Beverly Hills chic at Thirteen09. These units are stunners and unmatched in the market. The property is just east of the Winrock town center, and due north of the Presbyterian/Kaseman hospital/medical facilities, and is walking distance to an abundance of restaurants and retail, and biking distance to Trader Joe's and the Apple store. This is an exceptional opportunity to acquire a well-maintained fourplex comprised entirely of spacious 2-bedroom/2-bathroom units, each flooded by natural light due to the unique interior courtyard designs. Metrics of investment performance at the ask price of $710,376 and average rents of $1,463 include a GRM of 10.12, a before-reserves cap rate of 5.97%, a price per sf of $170.76, a price per unit of $177,594 with an after-tax IRR of 15.2%. Eight comparable sales support a price of $710,376. 18 Page marketing flyer can be viewed at http://www.nmapartment.com/apt/NMAA-Virginia1309NE.pdfVirtual tour can be viewed at http://www.nmapartment.com/3dvirg1309 Qualified buyers can register for access to the confidential document center by completing the online confidentiality agreement at http://www.nmapartment.com/virgina1309. Buyers can discover the amount of the Seller concession to Buyer by emailing compensation@nmapartment.com with the listing # NMAA-2586309 in the subject line. Said concession can be used by Buyer to pay for the Buyer’s broker. Disclosure: Identity of ownership between one of the co-listing brokers and ownership structure. Do not wait, an owner-occupant fourplex in the Uptown area of NE heights is a once-in-a-decade opportunity!

FOR SALE DETAILS

PRICE

$710,376 USD

PRICE/SF

$171 USD /SF

# OF UNITS

4

PRICE/UNIT

$177,594

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Thirteen09

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

1-019-058-479282-1-03-16

ASK ABOUT THIS PROPERTY

Evan SandersonDC Property InvestmentsMore Info
855-355-3853

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Evan SandersonDC Property InvestmentsMore Info
855-355-3853

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