Map of Property

3444 - 3440 - 3436 Ross Ave SE

3440 Ross Ave SE, Albuquerque, NM 87106

  • For Sale $696,778
  • Property Type Multi-Family
  • Property Size 6,112 SF
  • Units 8
  • Lot Size 0.28 Acre
  • Cap Rate % 4.63
  • Additional Rent Contact for pricing
  • Year Built 1972
  • Date Updated Nov 27, 2024

NM Apartment Advisors is excited to bring to market this rare opportunity to own a Edgecrest 8-plex. Unique southern New Mexico architecture combined with courtyard spaces and refrigerated air conditioning, this property is positioned well for the value add investor who recognizes that current average rents are 43% below market rents for the area. Located at 3436 & 3440 Ross SE, each building has its own deeded lot. Recent inspection reports and appraisal (at $755,000) available to qualiÞed investors who complete the online conÞdentially agreement at www.nmapartment.com/3440RossSE . Call / email the listing broker to learn the steps to get to the $1,025,000 renovated price. (a 68% return on your down payment including full renovations). Do not miss out on this opportunity to buy a core asset in a market with strong economic growth from all of the new Netflix, Facebook, Intel, and Amazon jobs that have created a housing shortage that has led to double digit annual rent growth. 

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Contacts

broker
Todd Clarke Is this you?

New Mexico Apartment Advisors

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Transit Score ®

    23/100 Minimal Transit

  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Southeast Heights
  • Zip Code 87106
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    3.26 miles

  • Asia Train Station

    3.51 miles

  • Bernalillo County/International Sunport

    3.59 miles

  • Tingley Station

    4.16 miles

  • Aquarium/Garden Station

    4.65 miles

  • Montaño

    5.40 miles

  • Los Ranchos/Journal Center

    7.95 miles

  • Isleta Pueblo

    8.79 miles

  • Valero

    0.27 miles

  • Alon

    1.00 miles

  • Fill-Up

    1.11 miles

  • Y-Mart

    1.12 miles

  • Smiths Food and Drug Fuel Center

    1.24 miles

  • ChargePoint

    3.05 miles

  • Tesla Supercharger

    3.25 miles

  • Recreational Storage

    0.46 miles

  • Cell Phone Waiting Area

    0.79 miles

  • Credit-card Lot

    0.88 miles

  • Long-term parking

    0.93 miles

  • Allegiant

    0.99 miles

  • Southwest

    1.00 miles

  • Delta

    1.02 miles

  • American

    1.03 miles

  • Jetblue

    1.04 miles

  • Extended Stay America

    0.74 miles

  • Days Inn & Suites by Wyndham Airport Albuquerque

    0.74 miles

  • TownePlace Suites

    0.76 miles

  • Courtyard

    0.81 miles

  • Residence Inn Albuquerque Airport

    0.82 miles

  • Sleep Inn

    0.82 miles

  • Fairfield Inn & Suites

    0.83 miles

  • La Quinta Inn

    0.86 miles

  • Comfort Inn

    0.89 miles

  • Holiday Inn Express Hotel & Suites Albuquerque Airport

    0.90 miles

  • Applebee's

    0.85 miles

  • Fuddruckers

    0.89 miles

  • Little Caesars

    0.91 miles

  • Waffle House

    0.92 miles

  • Village Inn

    0.96 miles

  • Subway

    1.05 miles

  • La Sirenita

    1.06 miles

  • Taco Bell

    1.07 miles

  • Tia Juanita's New Mexican

    1.08 miles

  • Barbacoa El Primo

    1.09 miles

  • Kirtland Elementary

    0.31 miles

  • Bandelier Elementary School

    0.62 miles

  • MAS Mission Achievement and Success Charter School

    0.84 miles

  • Chinese Culture Center & Lin's Martial Arts Academy

    1.05 miles

  • Whittier Elementary School

    1.07 miles

  • Lowell Elementary School (part)

    1.09 miles

  • Lowell Elementary School

    1.22 miles

  • Highland High School

    1.26 miles

  • Coral Community Charter School

    1.29 miles

  • Cesar Chavez Community Charter School

    1.30 miles

  • Maxwell Child Development Center (1914)

    0.45 miles

  • Serendipity Day School

    1.24 miles

  • Eastern Child Development Center

    1.24 miles

  • Wildflowers Day Nursery

    1.73 miles

  • All Seasons Child Care and Learning Center

    2.61 miles

  • Child Care Center

    2.61 miles

  • Discovery One Child Care

    2.66 miles

  • Steps Ahead Learning Center

    2.75 miles

  • Centro de Amor YDI Head Start Academy

    2.81 miles

  • DOE Child Care

    2.86 miles

Frequently Asked Questions

How much does 3444 - 3440 - 3436 Ross Ave SE cost?

The space currently listed for sale at 3444 - 3440 - 3436 Ross Ave SE asks for $696,778.

What is the total square footage of 3444 - 3440 - 3436 Ross Ave SE?

3444 - 3440 - 3436 Ross Ave SE totals 6,112 square feet.

When was this property built?

3444 - 3440 - 3436 Ross Ave SE was built in 1972.

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Contact Listing Broker
broker
Todd Clarke Is this you?

New Mexico Apartment Advisors