644 Louisiana Blvd SE
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644 Louisiana Blvd SE
4 Unit Apartment Building $593,000 ($148,250/Unit) 8% Cap Rate Albuquerque, NM 87108
Executive Summary
The hard work has been done! The proud new owner of this Property can anticipate low future capital improvement costs as Property has been nearly completely renovated over the past few months. Improvements include: a full exterior renovation and interior renovations as needed. Apartment 1 has been fully renovated, Apartment 2 and the Single Family-Home have each received
improvements as needed. Apartment 3 has received renovations throughout. The 3-bedroom single family home has received several upgrades including floors, windows & kitchen renovations. Renovation details are listed herein.
improvements as needed. Apartment 3 has received renovations throughout. The 3-bedroom single family home has received several upgrades including floors, windows & kitchen renovations. Renovation details are listed herein.
Property Facts
| Price | $593,000 | Apartment Style | Low Rise |
| Price Per Unit | $148,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8% | Building Size | 3,411 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1972 |
| Price | $593,000 |
| Price Per Unit | $148,250 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,411 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 805 |
| 2+2 | 1 | - | 850 |
| 3+3 | 1 | - | 950 |
zoning
| Zoning Code | MX-L (Mixed Use Low Intensity) |
| MX-L (Mixed Use Low Intensity) |
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644 Louisiana Blvd SE
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