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).
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Last updated Feb 5, 2025
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MLS# 1062316 —
The Building
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Year Built:1972
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Builder Name:Unknown
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New Construction:false
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Construction Materials:Block,Frame,Stucco
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Stories Total:1
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Levels:One
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Basement:false
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Building Area Total:6112.0
Interior
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Flooring:Carpet,Tile
Room Dimensions
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Living Area:6112.0
Location
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Directions:From I-25 and Gibson, east to Carlisle, north to Ross, west to property.
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Latitude:35.06174
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Longitude:-106.606769
The Property
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Parcel Number:101605644612440812
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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-MH*
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Lot Size Acres:0.22
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:9583.0
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
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Tax Annual Amount:494.12
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Tax Legal Description:Lots 1-3, Tract 13, Knob Heights
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
Utilities
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Utilities:ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:Refrigerator
The Community
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Subdivision Name:Lots 1-2, Tract 13, Knob Heights
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 |
---|---|---|---|---|
11/21/24
Nov 21, 2024
|
Sold | SWMLS | $698,778 |