1307 Tijeras Avenue NE
Albuquerque, NM 87106
- – beds
- 1 bath
- 8,634 sqft
- 13,068 sqft lot
- $138 per sqft
- 1950 build
- – on site
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Available for the first time in 35 years, these 12 units comprise a nice mix of easily rentable two-bedroom, one-bedroom, and studio apartments. The 3 two-bedroom/one bath units have large, covered patios with views of the City. The property also contains three garages and one laundry facility, plus some additional off-street parking. The apartments are in a great location close to UNM and Presbyterian and Lovelace hospitals. Current rents are well below market which would allow for the capitalization rate to improve to 5.81% and the total return on equity to improve to 6.73%. The after-tax IRR is projected to be 11.36% on a 5-year hold.
Last checked:
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Last updated Mar 12, 2025
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MLS# 1023709 —
The Building
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Year Built:1950
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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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Levels:Two
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Basement:false
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Exterior Features:Patio
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Patio And Porch Features:Patio
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Accessibility Features:None
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Building Area Total:8634.0
Interior
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Flooring:Carpet,Vinyl
Room Dimensions
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Living Area:8634.0
Location
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Directions:Take Dr. Martin Luther King Jr. Ave. east from I-25 to Spruce St. Turn right and go to Tijeras. It's on the northeast corner.
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Latitude:35.08429
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Longitude:-106.631451
The Property
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Parcel Number:101505723840422901
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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:0.3
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Lot Size Dimensions:N/A
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:13068.0
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 247-0444
- Office phone:
- (505) 247-0444
Taxes
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Tax Annual Amount:4412.62
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
Appliances
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Appliances:FreeStandingGasRange,Refrigerator
The Community
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Subdivision Name:N/A
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Community Features:LaundryFacilities,Patio
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 |
|---|---|---|---|---|
|
11/15/22
Nov 15, 2022
|
Sold | SWMLS | $1,200,000 |
