Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 1-bedroom, 2-bathroom residential multi family at 2104 Lead Avenue SE in Albuquerque, NM is listed for $619,887 ($232 per sqft). Built in 1936, the home offers 2,670 sqft of living space on a 0.16 acres lot.
This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south.
Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Metrics of investment performance at the ask price of $619,887 and with average rent at $750 include a price per sf of $232, a price per unit of $77,846, a GRM of 8.61, cap rate of 6.54% and an after-tax internal rate of return of 17.1%.
Key Features
- Built in 1936
- 0.16 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$3,315/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2104 Lead Avenue SE
Albuquerque, NM 87106
Buena Vista Heights Add
Property Details
Flooring
Construction
Cooling
Appliances
Questions & Answers
This 1-bedroom, 2-bathroom residential multi family at 2104 Lead Avenue SE is listed at $619,887 ($232/sqft). The estimated monthly payment is $2,686 based on 20% down at 6.5% interest.
Key features include: Built in 1936, 0.16 acre lot, 3 stories.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
