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About This Home
This 2-bedroom, 1-bathroom residential multi family at 3505 Lafayette Drive NE in Albuquerque, NM is listed for $950,000 ($104 per sqft). Built in 1978, the home offers 9,100 sqft of living space on a 0.38 acres lot.
At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves!
All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)
Key Features
- Built in 1978
- 0.38 acre lot
- 2 stories
- 11 parking spaces
Property Details
Monthly Cost Estimate
$5,081/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3505 Lafayette Drive NE
Albuquerque, NM 87107
Indian Rest Sub
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 2-bedroom, 1-bathroom residential multi family at 3505 Lafayette Drive NE is listed at $950,000 ($104/sqft). The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.
Key features include: Built in 1978, 0.38 acre lot, 2 stories, 11 parking spaces.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
