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12708 Copper Ave NE 2 Unit Apartment Building Offered at $312,412 CAD at a 6.87% Cap Rate Albuquerque, NM 87123
EXECUTIVE SUMMARY
Subject: FAR North East heights duplex – $225,000 for spacious units
Good afternoon!
On behalf of the Owners, NM Apartment Advisors to bring to market this unique community of townhouse style units in Albuquerque’s North east heights.
Excellent location just off Tramway and Copper gives quick and easy access to great shopping, restaurants, and a ton of retail establishments.
The property features specious two bedroom one bathroom units with stand alone front and rear entrances as well as their own internal laundry room. The two units are stacked on top of each other and adjacent to two similar duplexes. Additionally, each unit is separately metered for electric and gas.
The upper floor unit is vacant and needs a bit of work to be rent-ready. This property offers tremendous upside for investors with vision and extra capital for renovations. The unique lot also offers chance for an owner occupant to build in some equity through their own hard work.
With an ask price $225,000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $383,826, this charmer will go fast.
Virtual tours of each property can be found at
Upper floor vacant unit B – http://www.nmapartment.com/copper3d
Qualified Investors can access to the confidential document center with the online confidentially agreement at http://www.nmapartment.com/copper12708ne
17 page flyer at http://www.nmapartment.com/apt/NMAA-Copper12708NE.pdf
Buyer’s and Buyer’s brokers can discover the amount of Seller concession to the available to the Buyer by emailing compensation@nmapartment.com with the subject of NMAA-2567708
Do not miss out on this amazing opportunity!
Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
Good afternoon!
On behalf of the Owners, NM Apartment Advisors to bring to market this unique community of townhouse style units in Albuquerque’s North east heights.
Excellent location just off Tramway and Copper gives quick and easy access to great shopping, restaurants, and a ton of retail establishments.
The property features specious two bedroom one bathroom units with stand alone front and rear entrances as well as their own internal laundry room. The two units are stacked on top of each other and adjacent to two similar duplexes. Additionally, each unit is separately metered for electric and gas.
The upper floor unit is vacant and needs a bit of work to be rent-ready. This property offers tremendous upside for investors with vision and extra capital for renovations. The unique lot also offers chance for an owner occupant to build in some equity through their own hard work.
With an ask price $225,000 there is a lot of runway on this deal as the dozen comparable sales support a market value of $383,826, this charmer will go fast.
Virtual tours of each property can be found at
Upper floor vacant unit B – http://www.nmapartment.com/copper3d
Qualified Investors can access to the confidential document center with the online confidentially agreement at http://www.nmapartment.com/copper12708ne
17 page flyer at http://www.nmapartment.com/apt/NMAA-Copper12708NE.pdf
Buyer’s and Buyer’s brokers can discover the amount of Seller concession to the available to the Buyer by emailing compensation@nmapartment.com with the subject of NMAA-2567708
Do not miss out on this amazing opportunity!
Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$36,802
|
$16.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,802
|
$16.73
|
| Taxes |
$3,625
|
$1.65
|
| Operating Expenses |
$12,342
|
$5.61
|
| Total Expenses |
$15,968
|
$7.26
|
| Net Operating Income |
$20,834
|
$9.47
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $36,802 |
| Annual Per SF | $16.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $36,802 |
| Annual Per SF | $16.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,625 |
| Annual Per SF | $1.65 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,342 |
| Annual Per SF | $5.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,968 |
| Annual Per SF | $7.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $20,834 |
| Annual Per SF | $9.47 |
PROPERTY FACTS
| Price | $312,412 CAD | No. Units | 2 |
| Price Per Unit | $156,206 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,200 SF |
| Cap Rate | 6.87% | No. Stories | 2 |
| Gross Rent Multiplier | 8.06 | Year Built | 1978 |
| Zoning | MX-M | ||
| Price | $312,412 CAD |
| Price Per Unit | $156,206 CAD |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| Gross Rent Multiplier | 8.06 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,200 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Zoning | MX-M |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,615 CAD | 1,000 |
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12708 Copper Ave NE
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