3436 Ross Ave SE

We are excited to introduce a unique chance to acquire a vacant land parcel at 3436 Ross SE, Albuquerque, NM,
perfectly suited for a 4-unit multifamily development. This property offers a prime location with excellent zoning, making it an ideal investment for developers looking to capitalize on the growing demand for multifamily housing in the area.

Location Advantages:
Situated in a vibrant neighborhood, this lot benefits from high visibility and direct access to mass transit, providing convenience for future residents. The area boasts a community garden and a public golf course, enhancing lifestyle appeal. With an impressive 89 bike score, a 42-walk score, and a 22-transit score, this location is perfect for urban living.

Potential Fourplex Development
Conceptual floorplans, site plan, massing schedule, rent roll, income/expenses, development budget, and front and back door approach analysis for the development of a high-end, owner occupant, courtyard style fourplex can be found in the 26 flyer at http://www.nmapartment.com/apt/NMAA-Ross3436SE.pdf

Said analysis indicates a total development budget, including land, at $756,7490 and a potential exit price for the fourplex at $1,040,245 based on average rents of $1,531 per month.
Obtain access to the confidential document center which includes the financial underwriting/development models,appraisal and more at http://www.nmapartment.com/RossLand

Seize this opportunity to shape the future of multifamily living in Albuquerque!
Whether you’re an investor or a developer, now is the time to act. For more information or to schedule a viewing, contact us today!
 

Property Highlights:
- Zoning: R-MH, conceptual plan for 4 multifamily units
- Size: .65 acres of prime land
- Appraisal: Recent appraisal valued at $190,000 (December 2024)
- Investment Options: Flexible joint venture opportunity at appraised value or an expedited closing/all-cash offer of $124,876