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$3,965,358
1 Bed
1 Bath
25,632sqft
1200 Ortiz Dr Se, Albuquerque, NM 87108
$3,965,358
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Multi Family
Built in 1964
$-- HOA
13,503.6 sqft lot
$155/sq.ft
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 ...
Continue Reading- Houzeo last checked: 18 Minutes ago
- Listing updated: October 11, 2025 at 5:28 pm
- Listing Provided by: Todd D Clarke (505) 440-8633 DRE #13711, Kyle E Deacon (505) 878-0100 DRE #15579 | NM Apartment Advisors, Inc. (505) 440-8633
- Source: Greater Albuquerque AOR (SWMLS) MLS-NV | MLS#: 1092641
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1964
HOA Fees
-
Finished Area
25,632 sqft
Lot Size
13,503.6 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1092641
MLS Status
Active
Days on Market
58
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