403 Columbia Dr SE - Multi-Family FOR SALE


Albuquerque, NM 87106- University Heights
$545,000 USD
505-803-3775
403 Columbia Dr SE, Albuquerque, NM for Sale
$545,000 USD
Multi-Family - FOR SALE
1/29
null | 6.11% Cap Rate

403 Columbia Dr SE
Albuquerque, NM 87106
University Heights


HIGHLIGHTS

  • 4 Unique Apartments - all updated with care for comfort and quality of living
  • Large lot with Lots of off-street parking & private yard spaces for residents
  • In-unit Washer / Dryers in 3 of 4 apartments
  • Well-maintained Property w / Lots of updates - interior and exterior
  • Just blocks to UNM / CNM / Nob Hill & I-25
  • Separately metered for Gas and Electric

OVERVIEW

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area fourplex to market. This unique and versatile investment opportunity is ideal for a family with children going to UNM/CNM in the near future or an owner/ occupant looking for the most solid house hack available in one of Albuquerque's best neighborhoods. The sellers bought this property as their First home - just after they were married. They lived in Apartment C and proceeded to x up the property (inside and out) and each apartment with true pride of ownership. Each unit has been updated with quality, care, and amenities for optimum resident comfort, energy efficiency, and privacy. Each apartment is also separately metered for gas and electric and offers a sizeable private yard / patio space with quality native landscaping accents. Located at 403 Columbia Drive SE, this four-unit community includes two unique 1-bedroom apartments, a lovely studio, and a 2-Bedroom apartment that would make the ideal owner / occupant apartment. Character and quality updates abound in all apartments. Meandering, manicured walkways lead to private yard entrances for each apartment as well. No compromises have been made on security or privacy, and off-street parking is plentiful. Bonus exterior storage closets are also available for resident use. The 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, Face-book, 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 403 Columbia SE.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

4

PRICE/UNIT

$136,250

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

403 Columbia Drive SE

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-ML

APN/PARCEL ID

101605713708830812

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.