Multifamily For SALE
433 Louisiana Blvd SE - 433 Louisiana Blvd. SE | Well-Maintained 12-Unit Property
433 Louisiana Blvd SE, Albuquerque, NM 87108
- Category Multifamily
- Status AVAILABLE
- Type For Sale
- Lot Size 0.26 Acres
- Building Size 7,328 SF
- Number of Units 12
- APN 101805651448513105
- Asking Price $750,000
433 Louisiana Blvd. SE is a well-maintained property equidistant to Albuquerque Uptown and the Kirtland AFB/Max Q Development. The property does not have significant deferred maintenance and rents are well below market. Based on market rent research, the current rent roll is approximately 30% below the market rate for Class B units. There is a detached storage facility with laundry hookups inside. However, it was not included in the valuation due to indeterminable condition.
Situated in the southeast quadrant of Central Ave. & Louisiana Blvd. SE, the property is a 6-minute drive (2.0 miles) south of Albuquerque Uptown and Winrock Town Center. In May 2022, a 2.5-acre urban mixed-use development broke ground at Winrock Town Center. The apartment complex is a 6-minute drive (2.0 miles) north of the Raymond G. Murphy VA Medical Center. The property is a 5-minute drive (1.7 miles) east of Whittier Elementary School, and a 6-minute drive (1.6 miles) east of Highland High School.
Each unit is individually metered for gas and electricity, which all tenants pay. There are master gas and electricity meters for exterior lighting and a shared hot water heater.