300 La Veta Drive NE
Albuquerque, NM 87108
MLS #896778

  • 12units
Est. P&I payment: $1814.18/mo
Description for 300 La Veta Drive NE, Albuquerque, NM 87108
Amazing value add opportunity - located just east of Nob Hill, north of the under construction ABQ Rapid Transit this apartment investment is priced substantially below market reflecting the # of vacant units and units undergoing renovation.Offered a 8.0% CAP rate, 11.2% cash on cash on actual rents of $404, market rents of $689 supports a 15.6% Cap rate and an astronomical cash on cash.Part of UPCOMING ART tour - contact Listing Agent for details - offer deadline has been moved..
MLS #896778
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My Notes for MLS #896778

General Features

  • Property Type: C
  • Units for Sale: 12
  • Approx Structured SqFt: 6,048
  • Year Built: 1973
  • Total Number of Stories: 2
  • Total Number of Buildings: 1
  • Stories: 2
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 41 - 50
  • Number of Units: 12
  • Lot SqFt: 4,792
  • Zoning: R-3

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 12
  • Unit Type 1: Number of Bedrooms: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 504
  • Unit Summary: Total Units: 12
  • Unit Summary: Average Unit Size: 504
  • Unit Summary: Average Actual Rent: 404
  • Unit Summary: Annualized: 58,176
  • Flooring: Carpet

Utility Features

  • Amenities: No Landscaping
  • Appliances included: None
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 3,208
  • List Price/SqFt: 79
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 404
  • Unit Type 1: Max Rent: 425
  • Unit Type 1: Market Rent: 689
  • Unit Summary: Total Actual Rent: 4,848
  • Finance Considered: Cash,​Conventional
  • Owner Pays: None
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Tijeras Place Add

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Frame


Street View Not Available
Directions to 300 La Veta Drive NE, Albuquerque, NM 87108
From I-40 and San Mateo - south to Copper, east to La Veta, south to property.
The listing information for 300 La Veta Drive NE, Albuquerque, NM 87108 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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P&I Payment $1814.18
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/22/2018 at 5:51pm
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