Homes by Carolyn Fischman

4320 GRANDE Court NW, Albuquerque, NM 87107 (MLS# 1081938)

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

More Information

Basement

Basement YN
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

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*
Listing Office: Coldwell Banker Legacy
Last Updated: August - 13 - 2025
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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