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USANMAlbuquerqueVirginia Place Addition1200 Ortiz Dr Se
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1200 Ortiz Dr Se, Albuquerque, NM

Real Estate

For Sale

Listed price in listed location currency (USD).
$3,965,358

1147

MLS® 1092641

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 25632 sqft
Garage No
Taxes $3,774
Days Active 61
Lot Size 0.31 acres
Approx. Age 1964
Avg. Price Per Sqft $154
MLS® Number 1092641

Property Address: 1200 Ortiz Dr Se, Albuquerque, NM, 87108-4679

Average square foot calculated using Size range provided by listing agent.

Description

Measures of investment performance at ask price of $3, 965, 358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90, 122 per unit, and $154/sf. If rents were raised to market rents of $1, 002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
MLS® Number1092641
Laundry Level
Central VacNo
FireplaceNo
Acreage0.31
Exterior
GarageNo
Approx. Age1964
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 8, 2025List Date
$3,965,358List Price
  • Commute

Commute

Starting Address
Destination Address
1200 Ortiz Dr Se, Albuquerque, NM

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