3405-3429 Gibson SE Complex
3405-3429 Gibson SE
Albuquerque, NM 87106
Sub-market: Airport
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Albuquerque, NM 87106
Sub-market: Airport
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Investment for Sale
| PRICE: | $1,200,000.00 |
| SIZE: | 13,200 SF |
| LISTING ADVISOR: |
Erik Olson, CCIM  |
| (505) 878-0001 |
Additional Information
| Sale Price: | $1,200,000.00 |
| Price Per Unit: | $40,000.00 |
| Price Per Sq. Ft.: | $90.00 |
| CAP Rate: | 7.6% |
| NOI: | $90,608.00 |
| Number of Units: | 30 |
| Terms: | Owner Financing / Cash |
30 Unit Class C Apartment project developed in the 1980′s, this 3 building complex totals approximately 13,200 sq. ft. of rentable space. 97% occupied as of January 2011! 30 two-bedroom, one-bath units. The property covers approximately 1.10 acres. Located in a highly desireable location within Metropolitan Albuquerque. 33,000 CPD (2009 Traffic). Nearby employment centers include the University of NM, CNM, Presbyterian Hospital, Albuquerque International Sunport, and Kirtland Air Force Base (the single largest institutional employer in NM).
