511 Spruce ST SE, Albuquerque, NM 87106
511 Spruce ST SE, Albuquerque, NM 87106
511 Spruce ST SE, Albuquerque, NM 87106
12
See all 12 photos
Listed by NAI SunVista Commercial RE
$850,000
Est. payment /mo
Save
7 Beds
6 Baths
3,749 SqFt
New

511 Spruce ST SE Albuquerque, NM 87106

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Michael Valles

Michael Valles

+1(505) 681-3681

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,749 sqft

Price per Sqft $226

Subdivision Terrace Add

MLS Listing ID 1105527

Bedrooms 7

Construction Status Resale

HOA Y/N No

Year Built 1936

Annual Tax Amount $3,168

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, heating and cooling systems, exterior paint and stucco, appliances, flooring, and interior paint. A diverse unit mix supports broad tenant demand, while its long history of strong occupancy as furnished rentals is complemented by an exceptional location near UNM, Presbyterian Hospital, CNM, Kirtland Air Force Base, and Downtown Albuquerque.

Location

Province NM

County Bernalillo

Area 42 - Unm South

Interior

Heating Ductless

Cooling Ductless, Evaporative Cooling

Flooring Tile, Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101505717917630909

Security Features Complex Fenced

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message

By checking this box, I agree to receive recurring marketing communication from Michael Valles, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Michael Valles

+1(505) 681-3681

michaelluciano.valles@exprealty.com

Go tour this home

511 Spruce ST SE