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Apex Apartments at 3440 - 3444 Ross Ave SE 3440-3444 Ross SE Ave 8 Unit Apartment Building $1,066,000 ($133,250/Unit) 6.34% Cap Rate Albuquerque, NM 87106
Investment Highlights
- Forced Central AC and Heating in Each Apartment
- Totally Updated Apartments w/ Yards and Washer Dryers in Each Apartment.
- New Roofs
Executive Summary
This renovated 8 Unit Apartment Complex features four 1
Bedroom Apartments w/ secured private patios and four 2
Bedroom Apartments with a large and flexible floor plan. All
apartments boast package refrigerated air & forced central
heating systems, stacked washer / dryers, updated secured
storage closets, large private yards , and new fixtures and
finishes throughout.
Bedroom Apartments w/ secured private patios and four 2
Bedroom Apartments with a large and flexible floor plan. All
apartments boast package refrigerated air & forced central
heating systems, stacked washer / dryers, updated secured
storage closets, large private yards , and new fixtures and
finishes throughout.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,066,000 | Apartment Style | Low-Rise |
| Price Per Unit | $133,250 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.34% | Building Size | 6,112 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | Cross Streets | Amherst |
| Zoning | R-MH - Residential – Multi-Family High Density | ||
| Price | $1,066,000 |
| Price Per Unit | $133,250 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| Gross Rent Multiplier | 10 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.31 AC |
| Building Size | 6,112 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2025 |
| Cross Streets | Amherst |
| Zoning | R-MH - Residential – Multi-Family High Density |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Range
- Walk-In Closets
- Yard
- Smoke Free
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Courtyard
- Gated
- Smoke Free
- Storage Space
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-016-056-456125-4-08-10 | Total Assessment | $128,916 |
| Land Assessment | $21,221 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $107,695 | Tax Year | 2025 |
Property Taxes
Parcel Number
1-016-056-456125-4-08-10
Land Assessment
$21,221
Improvements Assessment
$107,695
Total Assessment
$128,916
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Street
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