Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 3-bedroom, 2-bathroom residential multi family at 1200 Ortiz Drive SE in Albuquerque, NM is listed for $3,965,358 ($155 per sqft). Built in 1964, the home offers 25,632 sqft of living space on a 0.31 acres lot.
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous propert
y upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Key Features
- Built in 1964
- 0.31 acre lot
- 47 parking spaces
Property Details
Monthly Cost Estimate
$21,208/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1200 Ortiz Drive SE
Albuquerque, NM 87108
Virginia Place Addition
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 1200 Ortiz Drive SE is listed at $3,965,358 ($155/sqft). The estimated monthly payment is $17,183 based on 20% down at 6.5% interest.
Key features include: Built in 1964, 0.31 acre lot, 47 parking spaces.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
