40 Unit North Valley Multifamily -4320 Grande Ct NW
4320 Grande Ct NW Albuquerque, NM 87107
Overview
40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal 2/25 at $5,105,000. (Can send upon request) Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!
Tenants pay electric, owner pays gas and water. All tenants month to month
Attachments
For Sale
Secondary Uses: Low Rise
- Sale Price
- $4,000,000
- Price Per SF
- $152.1/SF
- Building Size
- 26,302 SF
- Acres
- 2.18 ac
- Zoning
- R-ML
- Zoning Description
- Multi-family Low Density
- Building Name
- El Dorado
- Floors
- 1
- Year Built
- 1965
- Parking Spaces
- 50
- Submarket
- North Valley
- Tax ID Number
- 101406007946521849
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 95%
- Total Units
- 40
- Laundry
- Shared
- Power Provider
- City - PNM
- County
- Bernalillo
- Created
- 2025-04-12
- Updated
- 2025-05-17
- Listing ID
- 19645709
- Parcel APN
- 101406007946521849