Alta Monte Ct. Apartments

Multi-Family for Sale
Catylist Listing ID: 30262330
Number of Units: 14 Units
Building Size (RSF): 8,700 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $48,214.29 Per Unit
Property Use Type: Investment
Building Name: Alta Monte Court Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 95
Last Updated: 6/12/2018

Overview / Comments

AMAZING HUGE PRICE REDUCTION FOR WELL KEPT APARTMENT COMPLEX LOCATED IN THE NORTH EAST AREA. NE Albuquerque 14 Unit Multi-Family Investment Opportunity. The property is fully occupied creating excellent cash flow. Laundry room onsite creates additional income, individually metered for gas and electric, and near Shopping centers. The property is located between I 25 and I 40 within 6 miles of both College of New Mexico and University of New Mexico.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Taxing Authority: Bernalillo
Tax ID/APN: 1 016 060 425 088 40330
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Property Located Between: Carlisle and Comanche
Highway Access: Close to both I-25 and I-40
Airports: Sunport
Site Description: Property located in a cul de sac
Area Description: Secluded quiet place
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: There are 5 parking spots under the porch and 14 in a open surface
Total Parking Spaces: 19
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,326 129,849 350,254
Median Age: 33.87 37.55 37.84
Households: 5,848 58,736 151,432


Photograph of Listing Agent

Ed Martinez

Caruso Realty, LLC CARNM CIE Member
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