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3410 Vail Ave SE
Albuquerque, NM 87106

$1,625,000 USD

Apartments For Sale  •  12,715 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,954 SF
  • Lot Size 0.72 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 6.23 %
  • Zoning R-MH
23 Transit Score
50 Walk Score

Highlights

Excellent Unit Mix: 100% 2 Bedroom-1 Bathroom Units (± 750 SF)
2014-2017 Improvements: TPO Roofs (2016-2017), Electrical, Plumbing, Vinyl Double-Pane Windows, and Appliances.
Renovated Units & Amenities: In-Unit Washers & Dryers (94%), Private Enclosed Courtyards (75%), Skylights, and Gated Property.
Well-Below Market Lease Rates: Avg. In-Place Lease Rates are 45.08% Below Competitors.
Improving Submarket: Equidistant to 70-Acre Max Q Development & Upscale Ridgecrest Neighborhood.
Individual Unit Gas & Electricity Meters (Tenant Responsibilities).

Property Flyers

Cap Rate: 6.23 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Kitchen
  • Oven
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Downtown Albuquerque (Rail Runner Express - New Mexico Rail Runner Express) 9 min - 4.5 mi
Bernalillo County-International Sunport (Rail Runner Express - New Mexico Rail Runner Express) 11 min - 5.9 mi
AirportDriveWalkDistance
Albuquerque International Sunport 17 min - 5.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Sarah Raboff 505-878-0001 NAI Sun Vista
Sarah Raboff 505-878-0001 NAI Sun Vista