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3436 Ross Avenue SE

Albuquerque, NM 87106

1 bed
1 bath
6,112 sqft
9,583 sqft lot
$114 per sqft
1972 build
– on site

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Unique southern New Mexico architecture combined with courtyard spaces and refrigerated air conditioning, this property is positioned well for the value add investor who recognizes that current average rents are 43% below market rents for the area.Located at 3436 & 3440 Ross SE, each building has its own deeded lot.Measures of investment performance at ask price of $696,778 and current average rent of $625 are a GRM of 11.61, a 4.63% cap rate, $97,097 per unit, $114/sf. Your color by numbers, step by step process go get close to a final market value of $1,025,000 include (call listing broker to discuss).

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Feb 5, 2025 •

MLS# 1062316 —

The Building

Year Built:

1972
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Block,Frame,Stucco
Stories Total:

1
Levels:

One
Basement:

false
Building Area Total:

6112.0

Interior

Flooring:

Carpet,Tile

Room Dimensions

Living Area:

6112.0

Location

Directions:

From I-25 and Gibson, east to Carlisle, north to Ross, west to property.
Latitude:

35.06174
Longitude:

-106.606769

The Property

Parcel Number:

101605644612440812
Property Type:

ResidentialIncome
Property Subtype:

MultiFamily
Property Condition:

Resale
Zoning Description:

R-MH*
Lot Size Acres:

0.22
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

9583.0
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

494.12
Tax Legal Description:

Lots 1-3, Tract 13, Knob Heights

Beds

Bedrooms Total:

1

Baths

Total Baths:

1

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
Electric:

None
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

Lots 1-2, Tract 13, Knob Heights

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Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Sold	SWMLS	$698,778

Multifamily Sold on 11/21/2024

$698,778

Listing provided by broker:

Todd Clarke

NM Apartment Advisors, Inc.

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Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

3436 Ross Avenue SE

Albuquerque, NM 87106