





Description
Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units.The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments. With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units.Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 11th May, 2026 11:04 AM (UTC)
Listing Agent: Todd D Clarke
Listing Office: NM Apartment Advisors, Inc.
Attribution contact: (505) 440-8633







































































































































































































































































