300 La Veta Drive NE Albuquerque, NM
$ 475,000
Property Attributes
  • MLS#896778
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaFairgrounds
  • NeighborhoodTijeras Place Add
  • Zip87108
  • Style9 or More Units
  • Year Built1973
  • Taxes3207
  • Price$ 475,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage6048
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Amazing value add opportunity - located just east of Nob Hill, north of the under construction ABQ Rapid Transit this apartment investment is priced substantially below market reflecting the # of vacant units and units undergoing renovation.Offered a 8.0% CAP rate, 11.2% cash on cash on actual rents of $404, market rents of $689 supports a 15.6% Cap rate and an astronomical cash on cash.Part of UPCOMING ART tour - contact Listing Agent for details - offer deadline has been moved..

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
7/11/2017 Listed $450,000

General Features

Amenities No Landscaping
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional
Number of Units 12.00
Rental Info Call Listing Broker
Stories 2.0
Subdivision Y/N Tijeras Place Add
Tenant Pays Other - See Remarks
Utilities All City
Zoning R-3

Interior Features

5+ Units Yes
Appliances Included None
Basement No
Cooling Evaporative
Flooring Carpet
Heating Gas

Exterior Features

Disability Access Unknown
Exterior Material Stucco


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87108

AVG $300K
AVG $2,215
AVG 34
Year Built
AVG 1962
AVG 66

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