PRICE REDUCED! At a $70,000 discount, the revised in-place (Aug-24) cap rate is 6.23%. The Skylight Apartments satisfy common multifamily investment criteria: Well-below-market lease rates (45.08%), 100% 2 Bedroom-1 Bathroom units, fully renovated interiors, individually metered gas & electricity, minimal deferred maintenance, and an improving submarket. The four adjacent fourplexes include sixteen (16) sizable 2 Bedroom-1 Bathroom configurations (+/- 750 SF), which furnish in-unit washers and dryers (93.75%), vaulted ceiling skylights, private enclosed courtyards (75%), dishwashers, garbage disposals, and upgraded finishes.2014-2017 Improvements: Electrical, TPO Roofs, Plumbing, Windows, Interiors.Cap Rate: 6.23%Pro Forma Cap Rate: 10.02%Year-End 5 Valuation: $2,612,704
Sold
Price Unknown
3410-3422 Vail Ave SE, Albuquerque, NM 87106
2beds
1baths
12,954sqft
Multi Family
Built in 1962
-- sqft lot
$1,525,200 Zestimate®
$--/sqft
$1,178 Estimated rent
Home value
$1,525,200
$1.34M - $1.74M
$1,178/mo
Zestimate® history
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Private enclosed courtyardsFully renovated interiorsUpgraded finishesGarbage disposalsIn-unit washers and dryersVaulted ceiling skylights
Zillow last checked:
Listing updated:
Listed by:
Sarah Raboff 505-690-3232,
NAI SunVista Commercial RE
Bought with:
Kyle E Deacon, 15579
Deacon Property Services
Source: SWMLS,MLS#: 1067416
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Floor Furnace
Cooling
- Evaporative Cooling, Refrigerated
Appliances
- Included: Dryer, Dishwasher, Free-Standing Gas Range, Disposal, Microwave, Refrigerator, Range Hood, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Skylights
- Flooring: Concrete, Tile
- Windows: Skylight(s)
- Has basement: No
Interior area
- Total structure area: 12,954
- Total interior livable area: 12,954 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.72 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101605641109040620; 1016056417091406; 10160564230
- Zoning description: R-MH*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Resale
- New construction: No
- Year built: 1962
Utilities & green energy
- Electric: Other
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Complex Fenced
Location
- Region: Albuquerque
Financial & listing details
- Annual tax amount: $12,173
- Date on market: 7/23/2024
- Cumulative days on market: 106 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2025 | Sold | -- |
Source:  SWMLS #1067416 Report a problem | ||
| 9/17/2024 | Pending sale | $1,625,000$125/sqft |
Source: SWMLS #1067416 Report a problem | ||
| 8/20/2024 | Price change | $1,625,000-4.1%$125/sqft |
Source: SWMLS #1067416 Report a problem | ||
| 7/23/2024 | Listed for sale | $1,695,000$131/sqft |
Source: SWMLS #1067416 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 87106
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Nearby schools
GreatSchools rating
- 7/10Kirtland Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Wilson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 2.9 mi
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Estimated market value
$1,525,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,525,200
- New Mexico
- Bernalillo County
- Albuquerque
- 87106
- 3410-3422 Vail Ave SE
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