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30027884
30027885

1225, 1237 Menaul Blvd NW, Albuquerque, NM, USA, Albuquerque, NM 87107 For Sale

LS
NM REC-2023-0302
NAI Sun Vista
Listed by NAI Sun Vista
$1,125,000
Updated 77 days ago

Fully Occupied North Valley 4-Plexes

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,800
Units 8
Cap Rate 5.04%
NOI $56,679
Occupancy 100%
Pro-Forma Cap Rate 6.44%
Pro-Forma NOI $72,492
Price per SqFt $165
Class B
Year Built 1980
Buildings 2
Stories 2
Zoning R-ML
Investment Type Value Add

Well Below Market Lease Rates

Marketing description

  • Pro Forma Cap Rate: 6.16%

  • 100% Occupied as of March 2026

  • Strong Rent Upside

  • All 2-Bedroom 1-Bath Units

  • Recently Renovated Units

  • Unit Amenities: Refrigerated Air, In-unit Washer/Dryer Hookups, Balconies/Patios

  • Close Proximity to I-40 and Indian Pueblo Cultural Center

Investment highlights

  • Acquisition Cap Rate: 4.85%

  • In-place Rents roughly 21% below market

  • pro Forma Cap Rate: 6.16%

Listing Contacts

LS
NM REC-2023-0302
NAI Sun Vista
Listed by NAI Sun Vista

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,679.15
$4,723.26/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Luke Scarpa
License
REC-2023-0302
Brokerage
NAI SunVista
Brokerage Phone
505-878-0001
Title
Advisor
Brokerage Address
2424 Louisiana Boulevard Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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