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27979799
27979812

1003 Carlisle Blvd SE, Albuquerque, NM 87106 For Sale

Marvid Charlson
Listed by Marvid Charlson
$1,008,490
260 days on market
Updated 3 days ago

Ridgecrest 7-Plex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,805
Net Rentable (SqFt) 4,850
Units 7
Cap Rate 6.02%
NOI $60,685
Occupancy 100%
Pro-Forma Cap Rate 6.47%
Pro-Forma NOI $65,270
Price per SqFt $210
Broker Co-Op Yes
Class B
Year Built 1947 & 1962
Year Renovated 2024, 2025
Buildings 2
Stories 1
Acreage 0.287
Parking Spaces 2 per unit
Investment Type Stabilized
Ownership Edge Capital VI, LLC

Totally Renovarted 7-plex with Opportunity to Add 2 Additional Apartments

Marketing description

Unique opportunity to own a quality, updated 7 Unit Compound. Welcome to 1003 and 1005 Carlisle SE - a 4-plex and a tri-plex on two separate parcels packaged together. This fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood - walking distance to Castle Coffee, the Source Community Center, a Community Garden, multiple classic neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.

All seven apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities - like in unit washer / dryers, very private yard spaces, updated fixtures and finishes, and additional storage. Some units have bonus detached oversized garage spaces and 1005 Carlisle SE has a brand new roof.

Investors with an appetite for bigger projects will especially love the surplus of off-street parking and the potential of the oversized 2 car garage with huge (currently unused) bonus workshop rooms. This detached, separately metered building is teed up to make 1 or 2 additional apartments to complete this special compound.

*While the sellers would prefer to sell the compound together, they will also consider selling each property separately. Inquire with Listing Brokers for more information.

Investment highlights

  • 7 Updated Apartments with outdoor spaces and washer / dryers
  • Easy, low-hanging Potential for adding additional units
  • Excellent location close to UNM and new Developments on ABQ's Southside
  • Can be sold separately as a 4-plex and a triplex
  • Plenty of Off-street Parking
  • 1 Block to Castle Coffee and the TogetherSource Community Center

Listing Contacts

Marvid Charlson
Listed by Marvid Charlson

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$60,685.00
$5,057.08/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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Additional Information

Name
Kyle Deacon
License
15579
Brokerage
Deacon Property Services
Brokerage Phone
505-878-0100
Title
Broker of Record
Name
Marvid Charlson
License
20397
Brokerage
Property Management & Investments of New Mexico
Title
Owner/Qualifying Broker
Brokerage Address
205 West Boutz Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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