312 Vassar Dr SE
Albuquerque, NM 87106
Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 3,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1975 |
| Building Class | C | Parking Ratio | 2.33/1,000 SF |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.33/1,000 SF |
About 312 VASSAR DR SE , ALBUQUERQUE, NM 87106
Sale Price $495,000 CAP rate: 6.71% Units: 10 Average Size: ±265 SF Type of units: 8 - Studios 2 - One bedroom/One bath Land: ±0.163 Acres On behalf of the owner, NAI Maestas and Ward is please to present this opportunity to a well maintained and partially remodeled 10-unit apartment complex in the university area of Albuquerque. The property boasts many recent updates including a new roof, cooling units and tile throughout. Each 1-bedroom unit is ±325 SF and each studio is ±250 SF. The property has not been available for sale in over 25 years, making this a once in a life-time opportunity to own a quality investment property in a stable, vibrant and historical area of town. The property is situated 3 blocks from the University of New Mexico, and walking distance to many restaurants, parks and retail stores. The area has historically low vacancy, and the property’s updates and quiet setting provide tenants with a pleasant rental experience. Unique to the property is the ability to park 12 cars on site.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
Property Taxes
| Parcel Number | 1-016-057-232135-3-18-20 | Improvements Assessment | $37,513 |
| Land Assessment | $14,240 | Total Assessment | $51,753 |
Property Taxes
