4320 Grande Court Nw Albuquerque, NM 87107

40 Units
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$4,000,000 Est. $14,729 / mo.*
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Property Type: Multifamily
Status: Pending
Year Built: 1965
Neighborhood: El Dorado Apartments
Days on Website: 27

Courtesy of Coldwell Banker Legacy.

Description

40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal at $5,105,000. Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Disposal,Refrigerator
  • Total Bathrooms: 1
  • Area: 26302
  • Building Area: 26302
  • Construction Materials: Frame,Stucco
  • Levels: One
  • Year Built: 1965
  • Details: Refrigerated,CeilingFans
  • Features: Lighting,Patio
  • Patio Features: Patio
  • Flooring: Carpet,Tile
  • Heating: Central,ForcedAir
  • Days on Market: 12
  • Listing Price: 4000000
  • Status: Pending
  • Address: 4320 GRANDE Court NW
  • Area: 101 - Near North Valley
  • City: Albuquerque
  • State: NM
  • Zip: 87107
  • County: Bernalillo
  • Subdivision: El Dorado Apartments
  • Directions: From 12th St NW and Griegos Rd NW - West to Grande Dr NW - South to address
  • Acres: 2.18
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$4,000,000 - 4320 Grande Court Nw, Albuquerque, NM 87107
4320 Grande Court Nw Albuquerque, NM 87107
Address: 4320 GRANDE Court NW

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