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311-319 12th St SW
Albuquerque, NM 87102
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 3,447 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1931 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Zoning | SU-2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,447 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | SU-2 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
About 311-319 12TH ST SW , ALBUQUERQUE, NM 87102
On behalf of the owner, NM Apartment Advisors Inc. is pleased to present this opportunity to acquire a highly desirable, attractive six-plex. This property is well located in downtown Albuquerque, equidistant between downtown and the prestigious Albuquerque Country Club, the Rio Grande Zoo and Albuquerque's BioPark/Acquarium. The unit mix consists of (4) 1BR/1BA units, (2) 2BR/1 BA units, and (2) 1 car garages. The as-is cap rate is 5.25% after reserves. If rents are raised to market the cap rate rises to 6.47%.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $580.00 | 494 - 600 |
| 2+1 | 2 | $822.50 | 625 - 675 |
Property Taxes
| Parcel Number | 1-013-057-397414-1-29-04 | Improvements Assessment | $46,618 |
| Land Assessment | $14,168 | Total Assessment | $60,786 |
Property Taxes
