1110 Dr Martin Luther King Jr Avenue NE
Albuquerque, NM 87106
- 1 bed
- 1 bath
- 5,927 sqft
- 7,840 sqft lot
- $124 per sqft
- 1958 build
- – on site
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This is an excellent 9-unit two-story apartment building in close proximity to UNM, four hospitals, and the ART transportation system. There is one large 1.077 SF two-bedroom one-bath unit and eight one-bedroom one-bath units. The average size of the one-bedroom units is 567 SF, and the property includes seven off-street parking spaces. There is substantial upside potential to revenues and value, since current lease rates are well below market. If rents are moved to market rates, the capitalization rate would improve to 6.56%, the cash-on-cash return would improve to 6.74%, and the total return on equity would improve to 11.26%.
Last checked:
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Last updated Mar 26, 2025
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MLS# 1010180 —
The Building
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Year Built:1958
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Builder Name:Unknown
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories:2
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Stories Total:2
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Levels:Two
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Basement:false
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Exterior Features:Landscaping,Lighting
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Accessibility Features:None
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Building Area Total:5927.0
Interior
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Flooring:Carpet,Tile,Vinyl
Room Dimensions
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Living Area:5927.0
Location
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Directions:Martin Luther King exit from I-25, go east toward UNM, property on south side of road just before Cedar St.
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Latitude:35.084557
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Longitude:-106.633549
The Property
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Parcel Number:101505718041722704
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Property Condition:Resale
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Zoning Description:R-T*
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Lot Size Acres:0.18
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Lot Size Dimensions:N/A
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Lot Dimensions Source:Survey
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Lot Size SqFt:7840.8
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Lot Size Source:Survey
Listing Agent
- Contact info:
- Agent phone:
- (505) 247-0444
- Office phone:
- (505) 247-0444
Taxes
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Tax Annual Amount:2856.14
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
Heating & Cooling
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Heating:WallFurnace
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Heating:true
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Cooling:EvaporativeCooling
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Cooling:true
Utilities
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Utilities:CableAvailable,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Electric:None
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Green Water Conservation:LowFlowFixtures
Appliances
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Appliances:FreeStandingGasRange,Refrigerator
The Community
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Subdivision Name:LOT: 11, BLOCK: 28, SUBDIVISION: BROWNEWELL & LAILS HIGHLAND ADDN
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Community Features:DeckPorch
Parking
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Parking Total:7.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/22
Mar 28, 2022
|
Sold | SWMLS | $765,000 |
