- For Sale $2,275,000
- Property Type Multi-Family
- Property Size 11,040 SF
- Units 10
- Lot Size 0.21 Acre
- Cap Rate % 5.2
- Additional Rent Contact for pricing
- Year Built 2022
- Date Updated Oct 4, 2024
Construction completed in January 2024
Property is 100% leased
Units leased well below market rents
Current NOI - 118,858.20 - 5.2% CAP
GRM - 13.24% | $227,500/door
$206 PSF
10 Unit Lofts - 1,104 SF Units
2 Bed & 2.5 Bathroom
3-Stories
Exterior Patios & Private Yards
Developing Trade Area & Strong Rental Market
6.4% CAP Pro-Forma
10 Parking spaces
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
42/100 Car-Dependent -
Transit Score ®
33/100 Some Transit -
Bike Score ®
58/100 Bikeable
- City Albuquerque, NM
- Neighborhood Manzano Manor
- Zip Code 87123
- Market Albuquerque
Points of Interest
-
Montaño
8.23 miles
-
Africa Train Station
8.78 miles
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Asia Train Station
9.03 miles
-
Bernalillo County/International Sunport
9.23 miles
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Los Ranchos/Journal Center
9.23 miles
-
Tingley Station
9.55 miles
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Aquarium/Garden Station
9.93 miles
-
Alon
0.42 miles
-
Maverik
0.51 miles
-
Phillips 66
0.72 miles
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Chevron
0.76 miles
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Smith's
0.92 miles
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Circle K
1.14 miles
-
Tesla Supercharger
6.40 miles
-
ChargePoint
8.19 miles
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Copper Trailhead
1.18 miles
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Embudo Trailhead
2.01 miles
-
Piedra Lisa Trailhead
2.51 miles
-
RV Parking
3.41 miles
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Underground Parking Entry
3.91 miles
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Two Park Square Visitor Parking
3.96 miles
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Park Square Parking Garage
4.02 miles
-
Patient Lot
4.62 miles
-
Employee Lot J
4.84 miles
-
ODR RV Storage
5.02 miles
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Super 8
0.43 miles
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WoodSpring Suites Albuquerque
0.59 miles
-
Rodeway Inn
0.64 miles
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Econo Lodge East
0.75 miles
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Motel 6
0.76 miles
-
Desert Sands Inn & Suites
0.81 miles
-
Holiday Inn Express & Suites Albuquerque East
1.08 miles
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Freeway Inn
1.24 miles
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Quality Inn
1.44 miles
-
Econo Lodge
1.48 miles
-
Weck's
0.53 miles
-
Twisters
0.55 miles
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Olive Garden
0.58 miles
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Red Rock Deli
0.58 miles
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Sushi Xuan Asian Grill
0.61 miles
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KFC
0.67 miles
-
Village Inn
0.67 miles
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Blake's Lotaburger
0.68 miles
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Stripes & Burritos Co
0.72 miles
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Taco Bell
0.73 miles
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Apache Elementary School
0.16 miles
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Manzano High School
0.48 miles
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Albuquerque School of Excellence
0.66 miles
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Chelwood Elementary School
1.11 miles
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Tomasita Elementary School
1.11 miles
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Calvary Christian Academy
1.14 miles
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Kennedy Middle School
1.17 miles
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Gilbert L. Sena Charter High School
1.23 miles
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Acoma Elementary School
1.36 miles
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McCollum Elementary School
1.47 miles
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Singing Arrow
1.02 miles
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St. Luke Preschool
2.85 miles
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Gibson Child Development Center
3.19 miles
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All Seasons Child Care and Learning Center
3.26 miles
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DOE Child Care
3.64 miles
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Eastern Child Development Center
4.70 miles
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Discovery One Child Care
4.75 miles
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Our Place Learning Center
5.11 miles
-
Maxwell Child Development Center (1914)
5.46 miles
-
Wildflowers Day Nursery
5.70 miles
Frequently Asked Questions
The space currently listed for sale at Residences at Copper Ave asks for $2,275,000.
Residences at Copper Ave totals 11,040 square feet.
Residences at Copper Ave was built in 2022.
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