Four Hills Studios

Multi-Family for Sale
Catylist Listing ID: 30717109
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 290 Units
Building Size (RSF): 102,963 SF
Gross Building Area: See Agent
Sale Price: $10,000,000
Unit Price: $34,482.76 Per Unit
Property Use Type: Investment
Building Name: Four Hills Studios
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/2/2021

Overview / Comments

The Four Hills Studios portfolio offering includes two adjacent multifamily communities in the Albuquerque Southeast Heights. The properties are fully fenced and gated and include excess land suitable for a variety of uses including self storage, additional apartment units as well as build-to-suit and fast food users. The property has a 300-panel solar system that was installed in May 2019, which produces 315 watts per panel for a total of 94.5 kilowatts and provides substantial energy cost savings within the community.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Bernalillo County
Tax ID/APN: 102205628945810710
Zoning: SU-2 - Special Neighborhood Zone
Percent Occupied: 60%
Community Amenities: Outdoor Pool, On-Site Maintenance
Property Located Between: Juan Tabo and Tramway
Highway Access: Close in proximity to Interstate 40.
Airports: Sunport International
Total Number of Buildings: 12
Property Condition: Fair
Number of Stories: 2
Year Built: 1964
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Block, Concrete, Stucco
Parking Type: Surface
Total Parking Spaces: 495
Laundry: Shared
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Wall Units, Other
Fuel: Gas, Electric
Air Conditioning: Evaporative Cooler, Package Unit
Internet Access: Cable, Satellite
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,187 99,058 201,284
Median Age: 34.3 38.22 38.96
Households: 8,378 41,664 88,804

Contact

Photograph of Listing Agent

Joe R. Romero, CCIM

Colliers International CARNM CIE Member
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