800 Kent Avenue NW

Multi-Family for Sale
Catylist Listing ID: 30151937
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 6,654 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: $827,000
Unit Price: $68,916.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Last Updated: 10/9/2017

Overview / Comments

CBRE is pleased to present the opportunity to acquire a premium 12-unit gem located in the “Downtown” Albuquerque Area Submarket, on the corner of 8th and Kent, just north of Central Ave. The property’s location offers quick access to the University of New Mexico, renowned medical centers, shopping and dining in Downtown and Nob Hill, and it is close to some of Albuquerque’s premier employment centers.

Albuquerque’s Downtown area has one the highest rent rates and lowest vacancies
in the MSA, which makes 800 Kent Ave. NW a prime value-add opportunity. The
property has an old-world charm, and still has below market rents despite it being
partially renovated over the last 5 years.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: ABQ133431
Zoning: SU-2 - Special Neighborhood Zone
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1946
Parking Type: Surface
Total Parking Spaces: 7

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,744 119,188 296,922
Median Age: 36.69 34.51 34.65
Households: 8,540 48,686 119,017


Photograph of Listing Agent

Erik Olson

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