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The Thirteen09 1309 Virginia St NE 4 Unit Apartment Building $973,009 CAD ($243,252 CAD/Unit) Albuquerque, NM 87110
Investment Highlights
- Close proximity to amenities
- Stylishly updated
- Unique courtyard designs
Executive Summary
Inspired design next to Kaseman- Thirteen09 is a well-located, beautiful condition fourplex – ready for owner-occupant. On behalf of the Owners, NM Apartment Advisors, and Arete Real Estate LLC, Maestas Real Estate Services are excited to bring to market this core asset located at 1309 Virginia NE. Mid-century design meets Beverly Hills chic at Thirteen09. These units are stunners and unmatched in the market.
The property is just east of the Winrock town center, and due north of the Presbyterian/Kaseman hospital/medical facilities, and is walking distance to an abundance of restaurants and retail, and biking distance to Trader Joe's and the Apple store.
This is an exceptional opportunity to acquire a well-maintained fourplex comprised entirely of spacious 2-bedroom/2-bathroom units, each flooded by natural light due to the unique interior courtyard designs.
Metrics of investment performance at the ask price of $710,376 and average rents of $1,463 include a GRM of 10.12, a before-reserves cap rate of 5.97%, a price per sf of $170.76, a price per unit of $177,594 with an after-tax IRR of 15.2%. Eight comparable sales support a price of $710,376.
18 Page marketing flyer can be viewed at http://www.nmapartment.com/apt/NMAA-Virginia1309NE.pdfVirtual tour can be viewed at http://www.nmapartment.com/3dvirg1309
Qualified buyers can register for access to the confidential document center by completing the online confidentiality agreement at http://www.nmapartment.com/virgina1309. Buyers can discover the amount of the Seller concession to Buyer by emailing compensation@nmapartment.com with the listing # NMAA-2586309 in the subject line. Said concession can be used by Buyer to pay for the Buyer’s broker.
Disclosure: Identity of ownership between one of the co-listing brokers and ownership structure.
Do not wait, an owner-occupant fourplex in the Uptown area of NE heights is a once-in-a-decade opportunity!
The property is just east of the Winrock town center, and due north of the Presbyterian/Kaseman hospital/medical facilities, and is walking distance to an abundance of restaurants and retail, and biking distance to Trader Joe's and the Apple store.
This is an exceptional opportunity to acquire a well-maintained fourplex comprised entirely of spacious 2-bedroom/2-bathroom units, each flooded by natural light due to the unique interior courtyard designs.
Metrics of investment performance at the ask price of $710,376 and average rents of $1,463 include a GRM of 10.12, a before-reserves cap rate of 5.97%, a price per sf of $170.76, a price per unit of $177,594 with an after-tax IRR of 15.2%. Eight comparable sales support a price of $710,376.
18 Page marketing flyer can be viewed at http://www.nmapartment.com/apt/NMAA-Virginia1309NE.pdfVirtual tour can be viewed at http://www.nmapartment.com/3dvirg1309
Qualified buyers can register for access to the confidential document center by completing the online confidentiality agreement at http://www.nmapartment.com/virgina1309. Buyers can discover the amount of the Seller concession to Buyer by emailing compensation@nmapartment.com with the listing # NMAA-2586309 in the subject line. Said concession can be used by Buyer to pay for the Buyer’s broker.
Disclosure: Identity of ownership between one of the co-listing brokers and ownership structure.
Do not wait, an owner-occupant fourplex in the Uptown area of NE heights is a once-in-a-decade opportunity!
Property Facts
| Price | $973,009 CAD | Building Class | C |
| Price Per Unit | $243,252 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,160 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2022 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $973,009 CAD |
| Price Per Unit | $243,252 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,160 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2022 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Porch
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | - | 910 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-019-058-479282-1-03-16 | Improvements Assessment | $154,670 CAD |
| Land Assessment | $24,652 CAD | Total Assessment | $179,322 CAD |
Property Taxes
Parcel Number
1-019-058-479282-1-03-16
Land Assessment
$24,652 CAD
Improvements Assessment
$154,670 CAD
Total Assessment
$179,322 CAD
Contacts
-
DC Property Investments Evan Sanderson -
Ventana Fund Todd Clarke
- DC Property Investments
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The Thirteen09 | 1309 Virginia St NE
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