401 14Th & 416-422 14th Street SW

Albuquerque, NM 87102 — Huning Castle Add, Bernalillo County

  • beds
  • baths
  • 12,745 sqft
  • ~1/2 acre lot
  • $136 per sqft
  • 1940 build
  • on site

NM Apartment Advisors is excited to bring to market this amazing 1940svintage downtown Albuquerque apartment portfolio located on the edge of the Country Club Neighborhood and spanning two zip codes. Located at 416-422 14th SW, 401 14th SW (87102) and 1406 Gold SW (87104). This is a core asset with stabilized cash flow and recent renovations, its also a value add deal with rents that are 29.00% below market.Located across the street from the each other, the 8 and 14 unit property each have private secure court yards. 401 14th SW also has 14 recently renovated garages (12 alley access, 2 street access).Measures of investment performance at ask price of $1,742,500 and current average rent of $587 are a GRM of 11.24, a 6.15% cap rate, $79,204 per unit, and $149/sf. Schedule a Private Showing

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

MLS# 952272 — Report a problem

Property details for 401 14Th & 416-422 14th Street SW

Last refreshed 9 minutes ago

The Building

Year Built:
1940
Construction:
Frame
Apx Structured SqFt:
12745.00
Stories:
1
Exterior:
Stucco
Basement:
No
Disability Access:
Unknown

Interior

Amenities:
Some Landscaping
Flooring:
Wood
Appliances included:
Refrigerator

Financial & Terms

Finance Considered:
Cash, Conventional
Bank Owned:
No
Tax Exemption:
Unknown

Location

Area:
80 - Downtown Area
City/Town Code:
Albuquerque
Zip Code:
87102
County:
Bernalillo
Latitude:
35.084849
Longitude:
-106.663742
Directions
From I-40 and Rio Grande, south on Rio Grande to Central, west to 10th street, south to Gold, west to property.

The Property

Lot SqFt:
17424.00
Property Sub-Type:
9 or More Units
Zoning:
MX-L*
Electric Provider:
Community

Listing Agent

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Agent phone:
(505) 440-8633
Office phone:
(505) 440-8633

Taxes

Apx Taxes:
$7,959

The Listing

Builder:
Unknown
Virtual Tour
Lot Size Source:
On-Line

Heating & Cooling

Heating:
Other - See Remarks
Cooling:
Evaporative Cooling

Utilities

Utilities:
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

The Community

Subdivision:
Huning Castle Add

Extra Units

5+ Units:
Yes
Total Units:
22
Unit 1 Bathrooms:
1.00
Unit 2 Bathrooms:
1.00
Unit 2 Bedrooms:
1
Unit 1 Square Feet:
525
Unit 1 Square Feet:
537
Number of unit types 1:
6
Number of unit types 2:
16

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What it’s like to live at 401 14Th & 416-422 14th Street SW

Your commute

WalkScore®

Provided by WalkScore® Inc.

75

Very Walkable

Soundscore™

Provided by HowLoud

77

Moderate

Loud Moderate Quiet

Internet Speed

Provided by BroadbandNow®

987 Mbps

About internet speed

XFINITY from Comcast

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Sale history for 401 14Th & 416-422 14th Street SW

DateEventPrice% ChangeSource
Aug 21, 2019Listed / Active$1,742,500SWMLS

Schools near 401 14Th & 416-422 14th Street SW

3

Washington Middle School

Public 6-8

3

Lew Wallace Elementary School

Public K-5

6

Albuquerque High School

Public 9-12

3

Lew Wallace Elementary School

Public K-5

N/A

Manzano Day School

Private K-5

N/A

St Mary's School

Private K-8

6

Dolores Gonzales Elementary School

Public K-5

N/A

Abq Sign Language Academy

Public K-11

7

Coronado Elementary School

Public K-5

N/A

San Felipe De Neri School

Private K-8

3

Washington Middle School

Public 6-8

N/A

St Mary's School

Private K-8

N/A

Abq Sign Language Academy

Public K-11

N/A

San Felipe De Neri School

Private K-8

6

Albuquerque High School

Public 9-12

6

Amy Biehl Charter High School

Public 9-12

N/A

Abq Sign Language Academy

Public K-11

N/A

Manzano Day School

Private K-5

N/A

St Mary's School

Private K-8

N/A

San Felipe De Neri School

Private K-8

* GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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The details on 401 14Th & 416-422 14th Street SW: This multifamily located in Huning Castle, Albuquerque, NM 87102 is currently for sale for $1,742,500. 401 14Th & 416-422 14th Street SW is a 12,745 square foot multifamily with – beds and – baths that has been on Estately for 32 days. 401 14Th & 416-422 14th Street SW is in the Huning Castle neighborhood of Albuquerque and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Washington Middle School, Lew Wallace Elementary School, and Albuquerque High School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Copyright © 2019 Estately, Inc. Data displayed here has not been verified by Estately.