4320 GRANDE Court NW, Albuquerque, NM 87107

$4,000,000

Property Type: Residential Income Square Footage: 26,302 Lot Size (sq. ft.): 94,961 Status: Closed

Current Price: $4,000,000 List Date: 4/12/2025 Last Modified: 8/13/2025

Overview

Description

40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal at $5,105,000. Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!

Listing Details MLS# 1081938

Status Change Info

Pending Date: 2025-04-24
Closing Date: 2025-08-12

Contract Information

List Price/SqFt: 152.08

Location

Street #: 4320
Street Name: GRANDE
St Suffix: Court
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Zip +4: 3465
MLS Area Major: 101 - Near North Valley
Zone Atlas: G14

CityCounty Data

Subdivision Name: El Dorado Apartments

General Property Description

# of Units: 40
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 26302
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 2.18
Lot SqFt: 94961
Directions: From 12th St NW and Griegos Rd NW - West to Grande Dr NW - South to address
Stories: Yes
Total # of Buildings: 11
Year Built: 1965
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: Yes
Refrigerated: Yes

More Information

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 3
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 618
Actual Rent: 900
Max Rent: 1000
Market Rent: 1000

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 637
Actual Rent: 950
Max Rent: 1100
Market Rent: 1100

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 533
Actual Rent: 850
Max Rent: 1000
Market Rent: 1000

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 619
Actual Rent: 880
Max Rent: 1100
Market Rent: 1100

# of Unit Types (5)

# of Units: 15
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 547
Actual Rent: 800
Max Rent: 1000
Market Rent: 1000

# of Unit Types (6)

# of Units: 19
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 630
Actual Rent: 850
Max Rent: 1100
Market Rent: 1100

Unit Summary

Total Units: 40
Average Unit Size: 595.45
Average Actual Rent: 838.25
Annualized: 402360
Total Actual Rent: 33530

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101406007946521849

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 2831.56

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Ceiling Fan(s): Yes
Laundry Community: Yes
Laundry Equip. Owned: Yes
Outside Lights: Yes
Private Patios: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Water: Yes

Tenant Pays

Electric: Yes

Income & Expenses

Annual Gross Income: 317820
Operating Expenses: 200336.54

Build Description

Resale: Yes

Appliances included

Disposal: Yes
Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Operating Expenses

Insurance: Yes
Payroll: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Supplies: Yes

Parking

1 Space Per Unit: Yes

Roof

Flat: Yes
Rolled Roofing: Yes
Tar Gravel: Yes
TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes
Month To Month: Yes

Source

Owner Provided: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Ceiling Fan(s); Laundry Community; Laundry Equip. Owned; Outside Lights; Private Patios Appliances included: Disposal; Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Refrigerated Flooring: Carpet; Tile Green Energy Generation: None Electric Provider: Public Utility Operating Expenses: Insurance; Payroll; Property Management; Property Taxes; Repairs/Maintenance; Supplies Owner Pays: Gas; Sewer; Water Tenant Pays: Electric Parking: 1 Space Per Unit Roof: Flat; Rolled Roofing; Tar Gravel; TPO (G) Rental Info: Call Listing Broker; Month To Month Finance Considered: Cash; Conventional Source: Owner Provided Zoning: R-ML*

Documents

APOD ›

Plat/Map Survey ›

Community Plan with square footage ›

RentRoll ›

Listing Office: Coldwell Banker Legacy

Last Updated: August - 13 - 2025

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