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1700 Indian Plaza Drive NE,Albuquerque NM, 87106

Status: Active
MLS#: 874575
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Berkshire Hathaway HomeServices New Mexico Properties
(505) 798-6300

Last Updated: 1/20/2017 2:23 PM
Description for 1700 Indian Plaza Drive NE Albuquerque, NM 87106
Well located next to Wholefoods store, one freeway exit from Downtown or Uptown, just north of the UNM legal and medical campus, this low density, 140 unit, completed renovated apartment community offers its residents an ''A'' infill location with 9 different floorplans.Assumable Fannie Mae Financing at 67% loan to value offers an astute investor a before Tax IRR of 18.4%, and after Tax IRR of 14.0%.Property also includes an additional 1.4 acres of land that could be used for future apartment development - see listing agent for more details.Recently renovated, and priced well below replacement cost. Upside potential in adding Wi-Fi, and moving rents up 13% to submarket average.Amenities include: 1 and 2 story town home units, fire places, 2 swimming pools, updated clubhous
Listing Information
Property Type: Other
Bernalillo 2.31 Acres
1980 Frame
Indian Plaza Add
140 Total
Room Information
Interior Features
Dishwasher, Refrigerator
Gas Heat
Exterior / Lot Features
Financial Considerations
Listing Price History for 1700 Indian Plaza Drive NE

Albuquerque Real Estate

Albuquerque is located in New Mexico. Albuquerque, New Mexico 87106 has a population of 545,083.

The median household income in Albuquerque, New Mexico 87106 is $47,399. The median household income for the surrounding county is $48,398 compared to the national median of $53,046. The median age of people living in Albuquerque 87106 is 35.3 years.

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Courtesy: NM Apartment Advisors, Inc. 505-440-8633
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but is not guaranteed.

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