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Multifamily For Sale

Value-Add 37-Unit Multifamily Property

405 San Pablo St. & 404 Española St. SE, Albuquerque, NM 87108

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Details

Category Multifamily
Type For Sale
Sale Price $2,325,000.00
CAP Rate 5.55%
Available Space ±27,320 SF
Lot Size ±1.16 Acres
Year Built 1973
Zoning IDO: R-MH

Multi-Family Details

GRM 11.95
Total Units 37
Multi-Family Type Mid-rise

Description

37 Total Units
(28) 1 Bed/1 Bath (±630 SF)
(7) 2 Bed/2 Bath (±788 SF)
(1) 3 Bed/1 Bath (±1,266 SF)
(1) Studio (±360 SF)
1 bed/1 bath units 56.67% below market
2 bed/1 bath units 48.67% below market
Individual gas and electricity meters
27 furnaces replaced in 2022

Documents

View Property Flyer

Listing Brokers

Investment Properties, Multifamily

Sarah Raboff

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