About 1200 Ortiz Drive Se
Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Features of 1200 Ortiz Drive Se
| MLS® # | 1092641 |
|---|---|
| Price | $3,965,358 |
| Original Price | $3,965,358 |
| Price Per Sq.Ft. | $154.7 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 25,632 |
| Acres | 0.31 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Is Green | Yes |
| Guest House | No |
Community Information
| Address | 1200 Ortiz Drive Se |
|---|---|
| Area | 71 - Southeast Heights |
| Subdivision | Virginia Place Addition |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Active Solar, Other, See Remarks |
| Cooling | Other |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Construction | Block |
|---|---|
| Builder | Unknown |
Additional Information
| Date Listed | October 8th, 2025 |
|---|---|
| Days on Market | 3 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional |
| Current Taxes | $3,774 |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|