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Residences at Copper - A Townhome Community
12710 San Jacinto Ave NE Albuquerque, NM 87123
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Overview
Welcome to The Residences @ Copper, a collection of ten newly constructed residences nestled near the majestic Sandia Mountains. This thoughtfully designed community offers a harmonious blend of modern luxury & simplicity, in a submarket that is quickly redeveloping. A local developer has recently completed the job and leased the community up to 100% occupancy. All units offer spacious and well-appointed interiors, thoughtfully designed to maximize natural light and optimize living space. Each unit is 3-stories, containing living units on floor one, with primary units on each floor above. Each townhome has it's own dedicated outdoor patio. Modern finishes, including concrete flooring, quartz countertops, and stainless-steel appliances, elevate the overall living experience. The townhomes are equipped with energy-efficient features, including smart thermostats, LED lighting, and high-efficiency appliances, and new high-efficiency HVAC systems. This newly constructed development is a great opportunity to purchase a brand new asset that requires little upkeep and maintenance expense, while increasing rents to market averages.
- Construction completed in January 2024
- Property is 100% leased
- Units leased well below market rents
- Current NOI - 118,858.20 - 5.2% CAP
- GRM - 13.24% | $227,500/door
- $206 PSF
- 10 Unit Lofts - 1,104 SF Units
- 2 Bed & 2.5 Bathroom
- 3-Stories
- Exterior Patios & Private Yards
- Developing Trade Area & Strong Rental Market
- 6.4% CAP Pro-Forma
- 10 Parking spaces
For Sale
Multifamily
- Sale Price
- $2,095,000
- Price Per SF
- $189.8/SF
- Building Size
- 11,040 SF
- Acres
- 0.07 ac
- Zoning
- MX-M
- Building Class
- A
- Number Of Buildings
- 2
- Floors
- 3
- Year Built
- 2023
- Construction Type
- Framed
- Parking Spaces
- 1
- Submarket
- Northeast Heights
- Nearest MSA
- Albuquerque
- Property Status
- Existing
- Total Units
- 10
- County
- Bernalillo
- Created
- 2023-08-18
- Updated
- 2024-11-20
- Listing ID
- 093f447b
- Parcel APN
- 102205729124441716