2104 Lead Ave SE - Apartments FOR SALE


Albuquerque, NM 87106- Silver Hill
$619,887 USD
505-803-3775
2104 Lead Ave SE, Albuquerque, NM for Sale
$619,887 USD
Apartments - FOR SALE
1/15
null | 6.25% Cap Rate

2104 Lead Ave SE
Albuquerque, NM 87106
Silver Hill


HIGHLIGHTS

  • Recent Updates include: Roofs, HVAC, Exteriors, Thermal windows.
  • Several apartments have been renovated recently.
  • Just Blocks to the University of New Mexico AND Central NM Community College

OVERVIEW

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excit- ed to bring this quality University area eight-plex to market. Excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic cen- tral location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studi- os in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail—basically everything a young university student would need is close by! Coupled with the impact of the citywide expansion of Netflix, Facebook, Intel, and Amazon, as well as major announcements of new employment, this property is well-positioned to enjoy the forthcoming wave of appreciation and rent growth. Do not miss out on owning a close to campus gem like 2104 Lead SE.

FOR SALE DETAILS

PRICE

$619,887 USD

PRICE/SF

$232 USD /SF

# OF UNITS

8

PRICE/UNIT

$77,486

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2104 Lead Ave SE - South UNM 8

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,681 SF

ZONING

R-T

APN/PARCEL ID

1-015-057-477173-4-17-20

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.