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Don Quixote Apartments at 1801 Lead Ave SE
1801 Lead Ave SE Albuquerque, NM 87106
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Overview
Don't miss this once in a lifetime opportunity. This Property has been Family Owned and Operated for Over 60 Years. The Don Quixote Apartments are right in the Middle of the UNM and CNM Markets (Just 3 Blocks from Both). 32 Fully Furnished Apartments on the North East Corner of Lead & University make it a Very Comforable Wlak to UNM, CNM, Restaurants, Hospitals, Groceries, Entertainment, and Many other Retailers. These Quiet Apartments have Beautiful Courtyards and an On-Site Laundry facility for the Tenants. Please DO NOT distrub the Tenants. For more Information Please call Dave Vincioni @ (505) 250-1277.
Attachments
For Sale
Multifamily
- Sale Price
- $4,200,000
- Price Per SF
- $233.6/SF
- Investment
- Yes
- Cap Rate
- 5.6%
- Gross Income
- $328,920
- Net Operating Income
- $235,121
- Total Expenses
- $90,293
- Building Size
- 17,980 SF
- Acres
- 0.7748 ac
- Zoning
- R-ML
- Zoning Description
- Multi-family Low Density
- Building Name
- Don Quixote Apartments
- Floors
- 2
- Year Built
- 1973
- Parking Spaces
- 32
- Submarket
- University
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 98
- Total Units
- 32
- Laundry
- Shared
- Nearest Interstate
- I-25 - 0.5 mi
- Nearest Airport
- ABQ Airport - 2.5 mi
- County
- Bernalillo
- Created
- 2025-01-09
- Updated
- 2025-01-09
- Listing ID
- d753b0c7
- Parcel APN
- 101505738920742101