220 Princeton Dr - Apartments FOR SALE


Albuquerque, NM 87106- University Heights
$550,000 USD
505-440-8633
220 Princeton Dr, Albuquerque, NM for Sale
$550,000 USD
Apartments - FOR SALE
1/17
null | 6.12% Cap Rate

220 Princeton Dr
Albuquerque, NM 87106
University Heights


OVERVIEW

This unique fourplex is owned by Todd and Kahleetah Clarke's son, Zakery. The Property carried Zak through his undergraduate and graduate degree. Now he's selling because he's moved on to a successful job in Artificial Intelligence programming and lives in New York City. The Clarke's goals for each of their kids was simple: own an appreciating asset where the family can control their housing situation, minimize rent increases, and lower the friction to being on campus by being able to roll out of bed and walk to campus is just a few hundred steps. If this matches your family’s goals, this is the place for you. This community contains a total of four units that include a detached casita efficiency, two unique one bedroom/one bath-room apartments, and a larger two bedroom in the main house. Character and quality updates abound. The property has an inviting community feel with a central, secured outdoor living space that is shared amongst the residents. It offers quick and easy access to UNM, CNM, Smith’s grocery store and dozens of Nob Hill's best retail shops and restaurants.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,500

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

-

APN/PARCEL ID

1-016-057-194183-3-24-22

ASK ABOUT THIS PROPERTY

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

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Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

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