2104 Lead Avenue Se, Albuquerque, NM 87106
Local realty services provided by:ERA Summit
2104 Lead Avenue Se,Albuquerque, NM 87106
$450,000
- 1 Beds
- 2 Baths
- 2,670 sq. ft.
- Multi-family
- Pending
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1104393
Source:NM_SWMLS
Price summary
- Price:$450,000
- Price per sq. ft.:$168.54
About this home
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area eight-plex to market.This is an excellent opportunity to own a quality UNM Area 8 unit apartment complex. Fantastic central location just blocks to CNM, UNM, Presbyterian Hospital, I-25, Nob Hill, and Roosevelt Park. This unique compound offers fluid access from Lead and a clean / well-traveled alley to the south. Ample parking is right next to unit entries. The property consists of six studios in a 3 story building and two 1 bedroom apartments in a single story duplex. Buildings have been updated for energy efficiency and resident comfort. Located at 2104 Lead SE this eight unit community is property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail--basically everything a young university student would need is close by!Start PriceThat start price is about the same as the average ABQ fourplex - metrics of investment performance at the ask price of $450,000 and with average rent at $750 include a price per sf of $169, a price per unit of $56,250, a GRM of 6.25, cap rate of 9.01% and an after-tax internal rate of return of 23.3%. If rents are raised to market average of $959, the measure of investment performance improve to a potential cap rate of 12.42%.BID Process/timelineThe property tour is noon on Tuesday, October 6th - register at (see flyer)(this also provide access to the confidential document center)Offer deadline is noon no Thursday, October 8th....
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Home facts
- Year built:1936
- Subdivision & Development:Buena Vista Heights Add
- Listing ID #:1104393
- Added:166 day(s) ago
- Updated:November 11, 2026 at 09:21 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
- Flooring:Vinyl
- Kitchen Description:Refrigerator
- Living area:2,670 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Wall Furnace
Structure and exterior
- Year built:1936
- Building area:2,670 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Frame, Stucco
- Levels:3 Story
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$168.54
- Tax amount:$1,941
Features and amenities
- Appliances:Refrigerator
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