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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

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