$3,965,358

1200 Ortiz Drive SE, Albuquerque, NM 87108

  • 1 bed |
  • 1 bath |
  • 25,632 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $155/sqft
  • Property List Date Icon Listed 6 years ago

Property Description

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

Listing Status:
Active
Date Added:
October 8, 2025 at 05:00AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1092641
  • Appliances: Refrigerator
  • Flooring: CarpetVinyl
  • A/C: Other
  • Heating: Active SolarOtherSee Remarks
  • Eco/Green Feature: Solar
  • Parking: Parking spaces: 47
  • General: Block1
  • Originating MLS: SWMLS_SWMLS
  • County: Bernalillo
  • Zoning: Lot ABlock 2 & Lot A & BBlock 10Virginia Place Addition101805604219331411
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedNone
  • Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke, NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Whittier Elementary School

1110 Quincy St SE, Albuquerque, NM, 87108

Grades PK-5

0.23 miles away

W

Wilson Middle School

1138 Cardenas Dr SE, Albuquerque, NM, 87108

Grades 6-8

0.37 miles away

H

Highland High School

4700 Coal Ave SE, Albuquerque, NM, 87108

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.