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8401 Spain Rd NE
Albuquerque, NM 87111

Acacia Gardens · Multifamily Property For Sale · 496 Units

PROPERTY FACTS

No. Units 496
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 30.76 AC
Building Size 381,016 SF
Average Occupancy 95%
No. Stories 2
Year Built 1979
Parking Ratio 2.69/1,000 SF

Unit Amenities

  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Business Center
  • Controlled Access
  • Clubhouse
  • Courtyard
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Property Manager on Site
  • Spa
  • Tennis Court
  • Doorman
  • Grill
  • Laundry Service
  • Package Service
  • Volleyball Court
  • Storage Space
  • Lounge
  • Maintenance on site

About 8401 Spain Rd NE , Albuquerque, NM 87111

Spain Gardens is a 496-unit gated apartment community, built in 1978. There are 59, two-story, garden-style buildings, totaling approximately 388,976 rentable square feet on approximately 30.77 acres (16.12 units per acre). The property features studio, one-, and two-bedroom units in six individual floor plans averaging approximately 784 square feet. Each unit includes air conditioning, ceiling fans, a dishwasher, microwave, frost-free refrigerator, private balcony or patio, extra storage, and all units are cable ready. Select units have walk-in closets, a screen door, and a full-size or stackable washer and dryer. Community amenities include two clubhouses, a resident' s lounge, business center, Billiards, two swimming pools, an outdoor hot tub, two fitness centers, walking and jogging paths, a courtyard, playground, tennis court, basketball court, two laundry facilities, outside storage, and barbecue areas with grills. Spain Gardens is an apartment community strategically situated in the strongest submarket of Albuquerque, the Far Northeast Heights, near the foothills of the picturesque Sandia Mountains. The Far Northeast Heights market is substantially built-out, with no opportunities for new multifamily development nearby. This, combined with Albuquerque' s healthy demographic trends, will ensure continued strong demand for existing units in this prized submarket. Located in a predominantly residential neighborhood, the property affords residents with spectacular mountain views in a quiet setting.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1-020-061-042362-2-01-05
  • 1-020-061-150389-2-01-06
Land Assessment
$2,141,706
Improvements Assessment
$4,529,349
Total Assessment
$6,671,055

zoning

Zoning Code R-ML
R-ML
  • Listing ID: 5841730

  • Date on Market: 2/13/2017

  • Last Updated:

  • Address: 8401 Spain Rd NE, Albuquerque, NM 87111

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