Map of Property

1027 Truman SE

1027 Truman SE, Albuquerque, NM 87108

  • For Sale $923,759
  • Property Type Multi-Family
  • Property Size 5,500 SF
  • Units 10
  • Lot Size 0.33 Acre
  • Cap Rate % 6.36
  • Additional Rent Contact for pricing
  • Year Built 1955
  • Date Updated Oct 25, 2024

On behalf of the owner, NM Apartment Advisors and Deacon Property Services are thrilled to bring to market this mid-century modern gem of a 10 unit apartment complex. Excellent Ridgecrest location: pride of ownership block right off Ridgecrest Ave. and Kathryn Ave. Close to UNM, CNM, Kirtland Air Force Base, the Sunport, and Nob Hill. This property is positioned to reap the beneÞts of Albuquerque's largest and most concentrated revitalization and inÞll development effort along the south San Mateo and Gibson corridors. It's also just blocks to the brand new Albuquerque Community Safety Headquarters and the Max Q mixed use Development project. Simple runway to value-add equity gain and exceptional cash flow. Nearly all essential value-add work is complete at the property, yet rents are 25% to 30% under market (as is). All units feature excellent / pragmatic floor plans complimented by well-preserved mid-century modern Þnishes (hardwood floors, built-ins, cool tile work, great closet space) with washer dryers, private yard / patio spaces and other smart updates. Separately metered for gas and electric with further value add ready through implementing a simple RUBS billback system for water/sewer/garbage. Meanwhile, the project-minded investor will Þnd even greater value-add in further upgrading these awesome apartments. Opportunities like this – in this size and price range - only come around once every couple of years. Don't spend the next 2 years looking in the rear view mirror, wishing you'd bought this gem.

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Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors

Location

Getting Around

  • Walk Score ®

    63/100 Somewhat Walkable

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Parkland Hills
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    4.22 miles

  • Asia Train Station

    4.47 miles

  • Bernalillo County/International Sunport

    4.66 miles

  • Tingley Station

    5.08 miles

  • Montaño

    5.51 miles

  • Aquarium/Garden Station

    5.53 miles

  • Los Ranchos/Journal Center

    7.79 miles

  • Isleta Pueblo

    9.58 miles

  • Sandia Pueblo

    10.00 miles

  • Alon

    0.10 miles

  • Murphy Express

    0.45 miles

  • Pump-N-Save

    0.52 miles

  • Gibson Food Mart

    0.67 miles

  • Valero

    0.69 miles

  • Fill-Up

    0.83 miles

  • Y-Mart

    0.86 miles

  • Circle K

    0.93 miles

  • Tesla Supercharger

    3.25 miles

  • ChargePoint

    3.83 miles

  • Patient Lot

    0.77 miles

  • Employee Lot J

    0.88 miles

  • Recreational Storage

    1.40 miles

  • Cell Phone Waiting Area

    1.78 miles

  • Credit-card Lot

    1.86 miles

  • Long-term parking

    1.98 miles

  • Allegiant

    1.98 miles

  • Southwest

    1.99 miles

  • Delta

    2.02 miles

  • Lazy H Motel

    0.84 miles

  • Sahara Motel

    0.86 miles

  • De Anza Motor Lodge

    1.02 miles

  • Hotel Zazz

    1.27 miles

  • American Inn & Suites

    1.46 miles

  • Hiway House

    1.53 miles

  • Extended Stay America

    1.85 miles

  • Days Inn & Suites by Wyndham Airport Albuquerque

    1.87 miles

  • TownePlace Suites

    1.89 miles

  • Barcelona Suites

    1.89 miles

  • Acapulco Tacos & Burritos

    0.13 miles

  • DQ Grill & Chill

    0.17 miles

  • Tia Betty Blue's

    0.29 miles

  • Blake's Lotaburger

    0.32 miles

  • 2000 Vietnam Restaurant

    0.44 miles

  • Wingstop

    0.52 miles

  • McDonald's

    0.53 miles

  • Taco Bell

    0.54 miles

  • Burger King

    0.54 miles

  • Sonic

    0.54 miles

  • Whittier Elementary School

    0.10 miles

  • Cesar Chavez Community Charter School

    0.51 miles

  • Wilson Middle School

    0.58 miles

  • Highland High School

    0.58 miles

  • Chinese Culture Center & Lin's Martial Arts Academy

    0.63 miles

  • Holy Ghost Catholic School

    0.64 miles

  • National Dance Institute of New Mexico

    0.80 miles

  • Coral Community Charter School

    0.87 miles

  • Emerson Elementary School

    0.96 miles

  • Media Arts Collaborative Charter School

    1.03 miles

  • Eastern Child Development Center

    0.49 miles

  • Maxwell Child Development Center (1914)

    0.79 miles

  • All Seasons Child Care and Learning Center

    1.48 miles

  • Serendipity Day School

    1.58 miles

  • Wildflowers Day Nursery

    1.75 miles

  • Gibson Child Development Center

    1.85 miles

  • DOE Child Care

    2.02 miles

  • Discovery One Child Care

    2.09 miles

  • Our Place Learning Center

    2.45 miles

  • Steps Ahead Learning Center

    2.63 miles

Frequently Asked Questions

How much does 1027 Truman SE cost?

The space currently listed for sale at 1027 Truman SE asks for $923,759.

What is the total square footage of 1027 Truman SE?

1027 Truman SE totals 5,500 square feet.

When was this property built?

1027 Truman SE was built in 1955.

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Contact Listing Broker

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors