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Stephanie Romisher Webb

stephaniewebb034@comcast.net +1(505) 628-0311

Listed by NM Apartment Advisors, Inc.

$ 3,965,358

Est. payment -/mo

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Active

1200 Ortiz DR SE Albuquerque, NM 87108

1 Bed

1 Bath

25,632 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,632 sqft

Price per Sqft $154

Subdivision Virginia Place Addition

MLS Listing ID 1092641

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1964

Annual Tax Amount $3,774

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Survey

Property Sub-Type Multi Family

Property Description

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Active Solar, Other

Cooling Other

Flooring Carpet, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected

Total Parking Spaces 47

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805604219331411

Security Features Complex Fenced

Acceptable Financing Cash, Conventional

Green/Energy Cert Solar

Listing Terms Cash, Conventional

SCHOOLSPROPERTIES

Elementary Schools 20

9

Bandelier Elementary School

Public | KG - 5
8

Monte Vista Elementary School

Public | KG - 5
8

Inez Elementary School

Public | PK - 5
8

Sandia Base Elementary School

Public | KG - 6
6

Twenty-First Century

Public | 5 - 8
6

Cien Aguas International

Public | KG - 8
6

Zia Elementary School

Public | PK - 5
6

Mark Twain Elementary School

Public | PK - 5
5

Bellehaven Elementary School

Public | PK - 5
4

La Mesa Elementary School

Public | PK - 5
3

Kirtland Elementary School

Public | PK - 5
1

Lowell Elementary School

Public | PK - 5
1

Montezuma Elementary School

Public | PK - 5
1

Whittier Elementary School

Public | KG - 5
1

Emerson Elementary School

Public | KG - 5
1

Wherry Elementary School

Public | PK - 5
1

Hawthorne Elementary School

Public | PK - 5
0

St Charles Borromeo Elementary School

Private | PK - 8
0

Our Lady of Fatima Elementary School

Private | PK - 8
0

Highland Autism Center

Public | KG - 12

Middle Schools 12

8

Public Academy for Performing Arts

Public | 6 - 12
7

Media Arts Collaborative Charter

Public | 6 - 12
6

Jefferson Middle School

Public | 6 - 8
5

La Resolana Leadership

Public | 6 - 8
5

Native American Community Academy

Public | 6 - 12
5

Grant Middle School

Public | 6 - 8
3

Wilson Middle School

Public | 6 - 8
3

Bataan Charter School

Public | 8 - 12
2

Van Buren Middle School

Public | 6 - 8
1

Hayes Middle School

Public | 6 - 8
0

New Futures School

Public | 7 - 12
0

Vision Quest Alternative Middle School

Public | 6 - 8

High Schools 8

10

College and Career High School

Public | 9 - 12
4

Highland High School

Public | 9 - 12
4

Ecademy Virtual High School

Public | 9 - 10
2

Academy of Trades and Tech

Public | 9 - 12
2

The Alb Talent Development Charter

Public | 9 - 12
1

Cesar Chavez Community School

Public | 9 - 12
0

Freedom High School

Public | 10 - 12
0

Early College Academy

Public | 9 - 12

School and business data provided by Attom Data.

Stephanie Romisher Webb

OWNER| QUALIFYING BROKER | License ID: REC-2025-0973

+1(505) 628-0311

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Name

Email*

Phone*

Message

Keldrovia provides administrative contract-to-close transaction coordination services and does NOT provide legal or tax advise.

Stephanie Romisher-Webb is a New Mexico-licensed Real Estate Broker. From time to time, and only when a past or existing client specifically requests her by name, she may represent that client in the purchase or sale of real property.

All other buyers and sellers who inquire through this website may be referred to another licensed real estate brokerage through a broker-to-broker referral arrangement, in accordance with state law.

By submitting this form, you agree that you may be contacted by phone, email, or text regarding transaction coordination services, real estate brokerage services provided by a licensed broker, or broker-to-broker referrals.

Stephanie Romisher Webb

1200 Ortiz DR SE Albuquerque, NM 87108

Key Details

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Exterior

Building

Others

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1200 Ortiz DR SE