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Jason L Jenkins

jason@jasonljenkins.com +1(505) 435-2759

Listed by NAI SunVista Commercial RE

$ 1,739,530

Est. payment | -/mo

1 Bed

2 Baths

6,090 SqFt

Save

$ 1,739,530

Est. payment | -/mo

Save

1 Bed

2 Baths

6,090 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,090 sqft

Price per Sqft $285

Subdivision Virginia Place Add

MLS Listing ID 1104004

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1972

Annual Tax Amount $7,640

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Refrigerated

Flooring Tile, Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping

Community Features Laundry Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101805614017631710

Acceptable Financing Cash, Conventional, Owner May Carry

Green/Energy Cert None

Listing Terms Cash, Conventional, Owner May Carry

Nearby Locations

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Jason L Jenkins

Associate Broker | Lic# REC20220336

jason@jasonljenkins.com

+1(505) 435-2759

8300 Carmel Ave NE STE 302, Albuquerque, NM, 87122, USA

1008 Alvarado DR SE Albuquerque, NM 87108

Jason L Jenkins

Key Details

Location

Interior

Exterior

Building

Others

1008 Alvarado DR SE