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2810 Vail Ave SE 4 Unit Apartment Building $732,388 CAD ($183,097 CAD/Unit) 6.17% Cap Rate Albuquerque, NM 87106
Executive Summary
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.
Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.
Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace.
The property also has a newer TPO Roof with transferrable warranty and updated / recent evaporative coolers.
Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale (but owned by a different seller). Call Listing Brokers for additional details.
Enjoy the fruits of all the exciting development and growth happening on Albuquerque's South Side.
Metrics of investment performance at the ask price of $522,500 include a price per sf of $176, a price per unit of $130,625, and with current rents at $1,042 per month, it generates a GRM of 10.45, a cap rate after reserves of 6.17% and an after tax IRR of 15.20%.
Welcome to 2810 Vail SE - a classic south UNM 4-plex close UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, the ABQ sunport, and I-25.
Each 2 Bedroom / 1 Bath Apartment is separately metered for gas and electric and boasts secure & a very private patio or balcony space as well as washer/dryer hookups. All units have been modernized over time and feature quality contemporary lighting accents, solid surface flooring, mechanical system updates, and large kitchens with pragmatic bars that are perfect for entertaining or flexible additional workspace.
The property also has a newer TPO Roof with transferrable warranty and updated / recent evaporative coolers.
Consider purchasing this 4-plex with its two sister properties next door at 1809 and 1815 Girard Blvd. SE, which are also currently on the market for sale (but owned by a different seller). Call Listing Brokers for additional details.
Enjoy the fruits of all the exciting development and growth happening on Albuquerque's South Side.
Metrics of investment performance at the ask price of $522,500 include a price per sf of $176, a price per unit of $130,625, and with current rents at $1,042 per month, it generates a GRM of 10.45, a cap rate after reserves of 6.17% and an after tax IRR of 15.20%.
Property Facts
| Price | $732,388 CAD | Property Subtype | Apartment |
| Price Per Unit | $183,097 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.17% | Building Size | 2,969 SF |
| Gross Rent Multiplier | 10 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1984/2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | R-ML - Multi-family Low Density | ||
| Price | $732,388 CAD |
| Price Per Unit | $183,097 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 10 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,969 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2024 |
| Opportunity Zone |
Yes |
| Zoning | R-ML - Multi-family Low Density |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Views
- Breakfast Nook
- Double Pane Windows
- Island Kitchen
- Patio
- Smoke Free
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 742 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-016-056-249105-3-02-04 | Improvements Assessment | $165,222 CAD |
| Land Assessment | $22,234 CAD | Total Assessment | $187,456 CAD |
Property Taxes
Parcel Number
1-016-056-249105-3-02-04
Land Assessment
$22,234 CAD
Improvements Assessment
$165,222 CAD
Total Assessment
$187,456 CAD
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2810 Vail Ave SE
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