12710 San Jacinto - Apartments FOR SALE


Albuquerque, NM 87123
$2,095,000 USD
505-337-0777
12710 San Jacinto, Albuquerque, NM for Sale
$2,095,000 USD
Apartments - FOR SALE
1/13
null | 5.7% Cap Rate

12710 San Jacinto
Albuquerque, NM 87123


HIGHLIGHTS

  • Construction completed in January 2024
  • Property is 100% leased
  • Units leased well below market rents
  • Current NOI - 118,858.20 - 5.7% CAP
  • 7.05% CAP Pro-Forma
  • 12.64 GRM

OVERVIEW

Welcome to The Residences @ Copper, a collection of ten newly constructed residences nestled near the majestic Sandia Mountains. This thoughtfully designed community offers a harmonious blend of modern luxury & simplicity, in a submarket that is quickly redeveloping. A local developer has recently completed the job and leased the community up to 100% occupancy. All units offer spacious and well appointed interiors, thoughtfully designed to maximize natural light and optimize living space. Each unit is 3-stories, containing living units on floor one, with primary units on each floor above. Each townhome has it’s own dedicated outdoor patio. Modern finishes, including concrete flooring, quartz countertops, and stainless-steel appliances, elevate the overall living experience. The townhomes are equipped with energy-efficient features, including smart thermostats, LED lighting, and high-efficiency appliances, and new high-efficiency HVAC systems. This newly constructed development is a great opportunity to purchase a brand new asset that requires little upkeep and maintenance expense, while increasing rents to market averages.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

10

PRICE/UNIT

$209,500

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residences at Copper Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

MX-M

APN/PARCEL ID

1-022-057-286252-4-17-18,1-022-057-288250-4-17-17

ASK ABOUT THIS PROPERTY

Daniel KearneyRESOLUT REMore Info
505-337-0777

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Daniel KearneyRESOLUT REMore Info
505-337-0777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.