4320 Grande Court NW
Albuquerque, NM 87107
- 1 bed
- 1 bath
- 26,302 sqft
- ~2 acre lot
- $152 per sqft
- 1965 build
- – on site
40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal at $5,105,000. Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!
Last checked:
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Last updated Apr 14, 2025
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MLS# 1081938 —
The Building
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Year Built:1965
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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:1
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Levels:One
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Basement:false
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Exterior Features:Lighting,Patio
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Patio And Porch Features:Patio
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Building Area Total:26302.0
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Building Area Source:Appraiser
Interior
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Interior Features:CeilingFans
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Flooring:Carpet,Tile
Room Dimensions
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Living Area:26302.0
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Living Area Source:Appraiser
Location
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Directions:From 12th St NW and Griegos Rd NW - West to Grande Dr NW - South to address
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Latitude:35.129307
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Longitude:-106.654428
The Property
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Parcel Number:101406007946521849
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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-ML*
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Lot Size Acres:2.18
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:94961.0
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (505) 514-5009
- Office phone:
- (505) 892-1000
Taxes
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Tax Annual Amount:2831.56
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Tax Legal Description:N/A
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
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Cooling:Refrigerated,CeilingFans
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Cooling:true
Utilities
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Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Green Energy Generation:None
Appliances
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Appliances:FreeStandingElectricRange,Disposal,Refrigerator
The Community
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Subdivision Name:El Dorado Apartments
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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 |
---|---|---|---|---|
4/12/25
Apr 12, 2025
|
Listed / Active | SWMLS | $4,000,000 |