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29310915
29310917

313 MCKNIGHT AVE NE ALBUQUERQUE NM 87102-1563, ALBUQUERQUE, NM 87102-1563 For Sale

TC
NM 13711
N.M. Apartments, Inc.
AM
NM NM 16029
Maestas Real Estate Services
Listed by N.M. Apartments, Inc., Maestas Real Estate Services
$535,150
188 days on market
Updated 1 day ago

313 McKnight NE -

Details
APN 101405951105541404
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,773
Net Rentable (SqFt) 2,773
Units 3
Cap Rate 5.32%
NOI $28,494
Pro-Forma Cap Rate 6.89%
Pro-Forma NOI $36,897
Price per SqFt $193
Year Built 1945-2009
Buildings 3
Stories 1
Zoning MX-L
Investment Type Owner/User

Multifamily | 3 Units | $178,383/unit

Marketing description

On behalf of the owners, NM Apartment Advisors and Maestas Realty Services are

pleased to present this north downtown family style compound on one parcel for sale.

The community is walking distance to multiple parks, retail establishments, and restaurants as well as biking distance to the hundreds of miles of Albuquerque's outdoor hiking/biking trails. It is also walking distance to the City of Albuquerque's newest and likely most expen-sive ($8M and $80M) parks - one is located at Wells-Park and the other the Rail Trail that ties Downtown to Oldtown/Sawmill area.

Biking distance to Starbucks, and Old Town, IPCC, Downtown, and the Downtown medical cluster with its three hospitals.

This family compound contains three residences on one large long lot with a newer house, built in 2009 and known as Unit B, is located to the rear (north) side of the property is va-cant and can be made available for immediate occupancy by an owner occupant. The mid-dle house, Unit A, is currently vacant and available for showings.

Full inspection reports are available to qualiÞed investors who complete the online conÞ-dentially agreement at www.nmapartment.com/mcknight313ne.

The seller also owns Unit C next door and is offering that house for sale for $225,000. Re-cent comparable sales for that residence indicate a market value closer to $261,232.

In the event that the two properties sell together, the owner will discount price for all 4

units to $725,000.

Disclosure, one of the two co-listing brokers has an owner-ship interest in the property.

Do not miss out on this opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage from all of the

new Netflix, Facebook/Meta, Amazon, Intel and other jobs.

Listing Contacts

TC
NM 13711
N.M. Apartments, Inc.
AM
NM NM 16029
Maestas Real Estate Services
Listed by N.M. Apartments, Inc., Maestas Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,494.00
$2,374.50/mo

Valuation Metrics

0
DSCR
5.32%
Cap Rate
5.32%
ROI

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Additional Information

Name
Todd Clarke
License
13711
Brokerage
NM Apartment Advisors Inc.
Title
QB
Name
Anita Maestas
License
NM 16029
Brokerage
Maestas Real Estate Services, Inc.
Brokerage Phone
5054633565
Title
Qualifying Broker/ Owner
Brokerage Address
4200 Wyoming Boulevard Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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