- 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
- Parking Spaces Avail. 10
- Parking Ratio 0.91 / 1,000 SF
- Date Updated Apr 19, 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
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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
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Albuquerque
8.03 miles
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Montaño
8.23 miles
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Africa Train Station
8.78 miles
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Asia Train Station
9.03 miles
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Bernalillo County/International Sunport
9.23 miles
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Los Ranchos/Journal Center
9.23 miles
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Tingley Station
9.55 miles
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Aquarium/Garden Station
9.93 miles
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Alon
0.42 miles
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Maverik
0.51 miles
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Phillips 66
0.74 miles
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Chevron
0.76 miles
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Phillips 66
0.76 miles
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Alon
0.87 miles
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Circle K
1.14 miles
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Sam's Club
1.50 miles
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Speedway
1.59 miles
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Chevron
1.59 miles
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Copper Trailhead
1.18 miles
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Piedra Lisa Trailhead
2.51 miles
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Underground Parking Entry
3.91 miles
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Lomas Parking Structure
6.30 miles
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South Parking
6.35 miles
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ARC Parking
6.36 miles
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East Parking
6.36 miles
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Cell Phone Waiting Area
6.41 miles
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North Parking Lot
6.41 miles
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Credit-card Lot
6.47 miles
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Super 8
0.43 miles
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Freeway Inn
1.24 miles
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Quality Inn
1.44 miles
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Econo Lodge
1.48 miles
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Ramada
1.49 miles
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Holiday Inn Express
1.49 miles
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Guesthouse International
1.50 miles
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Days Inn
1.55 miles
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Barcelona Suites
3.60 miles
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Marriott Albuquerque
3.93 miles
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Weck's
0.53 miles
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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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Village Inn
0.67 miles
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Blake's Lotaburger
0.68 miles
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Taco Bell
0.73 miles
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AA Buffet Grill and Sushi
0.73 miles
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Donut Mart
0.74 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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Tomasita Elementary School
1.11 miles
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Chelwood 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
1.46 miles
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St. Luke Preschool
2.85 miles
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All Seasons Child Care and Learning Center
3.26 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
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Wildflowers Day Nursery
5.70 miles
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Steps Ahead Learning Center
5.85 miles
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Serendipity Day School
5.94 miles
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Little Big Foot Day School
6.18 miles
Frequently Asked Questions
What is the lease rate for Residences at Copper Ave?
Rental asking rate at Residences at Copper Ave is $1,137,500.00/YR.
What is the total square footage of Residences at Copper Ave?
Residences at Copper Ave totals 11,040 square feet.
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