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Listed price in listed location currency (USD).
$947,250

550

MLS® 1111323

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 6685 sqft
Garage 
Taxes $3,356
Days Active 3
Lot Size 0.76 Acres
Approx. Age 1946
Avg. Price Per Sqft $141
MLS® Number 1111323

Property Address: 7524 2nd St Nw, Albuquerque, NM, 87107-6765

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

Description

On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a private compound style apartment community located in the Albuquerque's north valley. Spread across three buildings, these 12 unique units are located across the street from the new 2nd street lenticular park and a few blocks from the Rio Grande River and its Bosque Forest and nature trails.This is a rare opportunity to own a true value-add apartment compound with so much potential in such a unique area. Reap the benefits of significant recent modernization and property improvements, then continue updating the property with your vision on your timeline to maximize upside. A 3/4 acre lot also offers potential for adding additional units and cool common area amenities. Current unit mix features five studios, six 1-bedrooms, and one 2-bedroom apartment. All apartments are unique with some modern updates and cool / classic character touches. Residents love the ample parking, the thermal windows, the soft-gated compound atmosphere, the rural north valley setting, and the proximity to the Rio Grande Bosque and I-25. The property is also conveniently located 1.5 miles south of Paseo Del Norte (Highway 423 - a major east/west thoroughfare in northern Albuquerque), less than a quarter-mile from a public library, and nearby other local retail, stores, restaurants, and breweries.
MLS® Number1111323
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1946
Basement
Driveway
Garage Spaces
HeatOther
A/COther

Extras

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