2307 New York Ave SW

2307 New York Ave SW, AlbuquerqueNM 87104

For Sale
4,810 SF
$1,293,000

Listing Details

List Price
$1,293,000
Listing Price Per SF
$268.81
Cap Rate
4.75%
List Date
3/24/2022
Listing ID
30272536

Eight Unit Multifamily Investment

Flanagan Investment Real Estate is pleased to offer for sale an eight-unit multifamily investment located at 2307 New York Ave SW in Albuquerque, NM. The property is located in a desirable location near Old Town and the Sawmill District. It is within walking distance to El Vado and numerous other nearby amenities. This area has seen a large influx of capital with new projects and developments including hotels, the Sawmill Market and many others. The property is located in the heart of Albuquerque with high barriers to entry.

There are three buildings of approximately +/- 4,810 sq. ft. on about +/- 0.49 acres. The parcel is secured and is fully fenced with an automatic gate. Each unit has a private yard and some units even have garages. Each unit is individually metered for gas and electric and there is a master meter for water.

The property contains well maintained buildings and grounds. The investment features a desirable unit mix. The attributes listed above have led to high historical occupancy, it is currently 100% occupied.

Space Details

Total Available
4,810 SF
Investment
Yes

Property Highlights

Type
 Multi-Family: Low-Rise
Size
0.49 Acres
Number of Units
8
Occupancy Type
Single Tenant
Number of Buildings
3
Submarket
Downtown

Contact

Jake Mechenbier

Flanagan Investment Real Estate

Cole Flanagan

Flanagan Investment Real Estate

Kelcy Flanagan

Flanagan Investment Real Estate

Attachments

CIE

Source: CARNM

More Information

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