3403 Anderson ave - Apartments FOR SALE


Albuquerque, NM 87106- Southeast Heights
$504,852 USD
505-440-8633
3403 Anderson ave, Albuquerque, NM for Sale
$504,852 USD
Apartments - FOR SALE
1/2
null | 6.17% Cap Rate

3403 Anderson ave
Albuquerque, NM 87106
Southeast Heights


OVERVIEW

ABQ: Ridgecrest/EdgeCrest area Triplex, ideal for owner occupant – Offered by the original architects family NM Apartment Advisors is excited to bring to market this rare opportunity to acquire from the original developer's family an Edgecrest/Ridgecrest area triplex . The property is 100’ from the Puerta Del Sol golf course and offers single story courtyard style units in spacious two bedroom / one bathroom configuration. Each unit is a large two bedroom, one bathroom unit. This is the first time this property has been offered for sale from the family of the architect, Allan G Elsik, Architect who was a well known local architect who poured his talent, energy and passion in this this community. The property is owned by an estate and they heir’s do need to cash out. At the current average rents of $1,200, and an ask price of $504,852 the measures of investment performance include a price per unit of $168,284, price per square foot of $181.02, a GRM of 11.69, an after reserves cap rate of 6.32%. 16 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Ande3403Se.pdf Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2565403, which can be used for a Buyer’s brokerage fee or a credit to the Buyer. Do not miss out on this opportunity to buy a core asset in a market with strong economic growth from all of the new Netflix, Facebook, Intel, and Amazon jobs that have created a housing shortage that has led to double digit annual rent growth. Do not miss out on an opportunity to acquire a well built triplex in one of the strongest rental markets in the country. Thanks, Todd Clarke CCIM CIPS CEO NM Apartment Advisors Inc. (505) 440-TODD

FOR SALE DETAILS

PRICE

$504,852 USD

PRICE/SF

$181 USD /SF

# OF UNITS

3

PRICE/UNIT

$168,284

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Anderson 3

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-ML

APN/PARCEL ID

1-016-056-401213-4-14-01

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 Policy.