1200 Ortiz Drive Se, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:ERA Summit
1200 Ortiz Drive Se,Albuquerque, NM 87108
$3,965,358
  • 3 Beds
  • 2 Baths
  • 25,632 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1092641
Source:NM_SWMLS

Price summary

  • Price:$3,965,358
  • Price per sq. ft.:$154.7

About this home

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

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Home facts

  • Year built:1964
  • Listing ID #:1092641
  • Added:266 day(s) ago
  • Updated:July 01, 2026 at 02:32 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Flooring:Carpet, Vinyl
  • Kitchen Description:Refrigerator
  • Living area:25,632 sq. ft.

Heating and cooling

  • Heating:Active Solar

Structure and exterior

  • Year built:1964
  • Building area:25,632 sq. ft.
  • Lot area:0.31 Acres
  • Construction Materials:Block
  • Levels:1 Story

Finances and disclosures

  • Price:$3,965,358
  • Price per sq. ft.:$154.7
  • Tax amount:$3,774

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:47

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