Deacon Property Services
Listed by Marvid Charlson, Deacon Property Services
$1,066,000
The Apex Apartments - Modern South UNM 8-Plex
Details
APN 101605645112440811, 101605645612540810
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,112
Units 8
Cap Rate 6.34%
NOI $67,579
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.13%
Pro-Forma NOI $76,002
Price per SqFt $174
Class B
Year Built 1972
Year Renovated 2024, 2025
Buildings 2
Acreage 0.310
Zoning R-MH - Multi-family High Density
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.64
Investment Type Core+
Properly Updated, Solid UNM Area 8-Plex
Marketing description
This renovated 8 Unit Apartment Complex features four 1 Bedroom Apartments w/ secured private patios and four 2 Bedroom Apartments with a large and flexible floor plan. All apartments boast package refrigerated air & forced central heating systems, stacked washer / dryers, updated secured storage closets, large private yards , and new fixtures and finishes throughout.
This complex is strategically positioned in Albuquerque's up and coming South UNM / Knob Heights sub-market, offering residents convenient access to major employment centers and the University of New Mexico.
Investment highlights
- Four 2 Bed / 1 Bath 902 SF Apartments
- Four 1 Bed / 1 Bath 626 SF Apartments
- Renovated Community Anchored By: UNM, CNM, the ABQ International Sunport, Kirtland Air Force Base, and burgeoning South Albuquerque Development Projects including Max Q, The Aviation Center of Excellence, and Lobo Crossing.
- Spacious Floor Plans, Central Heating and AC, Full-size Washer / Dryers, large private yard spaces, and secured, assigned outdoor storage & have been totally updated.
- New Roofs, new private yards, new low maintenance landscaping, fresh exterior paint, and a very secured common entry and common patio space - ideal for larger gatherings.
Listing Contacts
Deacon Property Services
Listed by Marvid Charlson, Deacon Property Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,579.00
$5,631.58/mo
Valuation Metrics
0
DSCR
6.34%
Cap Rate
6.34%
ROI
Map
Zoning
R-MH ResidentialMulti FamilyMultifamily High Density Residential
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View all 160 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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