Bought with Southwest Elite Real Estate
$4,000,000
$4,000,000
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1 Bed
1 Bath
26,302 SqFt
SOLD DATE : 08/12/2025
Key Details
Sold Price $4,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 26,302 sqft
Price per Sqft $152
Subdivision El Dorado Apartments
MLS Listing ID 1081938
Sold Date 08/12/25
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1965
Annual Tax Amount $2,831
Lot Size 2.180 Acres
Acres 2.18
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal at $5,105,000. Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!
Location
State NM
County Bernalillo
Area 101 - Near North Valley
Interior
Interior Features Ceiling Fan(s)
Heating Central, Forced Air
Cooling Refrigerated, Ceiling Fan(s)
Flooring Carpet, Tile
Fireplace No
Appliance Free-Standing Electric Range, Disposal, Refrigerator
Exterior
Exterior Feature Lighting, Patio
Community Features Laundry Facilities, Patio
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Porch Patio
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101406007946521849
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Cash
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