5800 Central Ave SW - Apartments FOR SALE


Albuquerque, NM 87105- Alamosa
$2,346,000 USD
714-874-4004
5800 Central Ave SW, Albuquerque, NM for Sale
$2,346,000 USD
Apartments - FOR SALE
1/22
null | 9.15% Cap Rate

5800 Central Ave SW
Albuquerque, NM 87105
Alamosa


HIGHLIGHTS

  • Excellent mix of studios, 1-bedrooms, and 2-bedrooms with an on-site laundry facility.
  • The newly constructed storage units offer a wide range of sizes to tailor to any clientele
  • The property features fully remodeled apartments, newer roof, recently overlaid asphalt and upgraded cost.
  • The property features visibility and access along Central Ave (Historic Route 66) with High traffic counts in excess of 22,00 Vehicles Per Day
  • The property generates revenue from both residential rentals and self-storage operations.

OVERVIEW

Prime Net Lease is pleased to present El Campo Apartments & All Safe Self Storage, a stabilized mixed-use investment opportunity located at 5800 Central Ave SW in Albuquerque, New Mexico. Positioned along historic Route 66 in Albuquerque’s growing southwest submarket, the property offers excellent visibility, strong traffic counts, and convenient access to nearby retail, dining, and essential services. The surrounding residential density and continued growth across the Albuquerque MSA contribute to strong demand and long-term viability for both the multifamily and self-storage components. The apartment portion consists of 16 fully renovated units, featuring a desirable mix of three studios, twelve one-bedroom units, and one two-bedroom unit. Interiors have been thoughtfully updated to attract and retain quality tenants while minimizing ongoing maintenance. The self-storage component includes a wide range of unit sizes, from 5x7 to 10x30, and is housed in newly rebuilt structures in like-new condition. The facility provides modern, clean, and secure storage with electronic gate access and improved site functionality. Recent capital improvements across the property include a newer roof on the apartment buildings, fully rebuilt storage units, fresh asphalt overlay, updated exterior paint, improved landscaping, and upgraded apartment interiors. With strong in-place income, a strategic location along a major commercial corridor, and substantial property enhancements already completed, this offering represents a turn-key investment opportunity with long-term stability and attractive upside potential.

FOR SALE DETAILS

PRICE

$2,346,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

15

PRICE/UNIT

$156,400

CAP RATE

9.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Campo Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C-2

APN/PARCEL ID

1-011-057-244311-2-05-02

ASK ABOUT THIS PROPERTY

Michael MatusikPrime Net LeaseMore Info
714-874-4004

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Michael MatusikPrime Net LeaseMore Info
714-874-4004

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