1315 Madeira DR SE, Albuquerque, NM 87108
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1315 Madeira DR SE, Albuquerque, NM 87108
1315 Madeira DR SE, Albuquerque, NM 87108
1315 Madeira DR SE, Albuquerque, NM 87108
1315 Madeira DR SE, Albuquerque, NM 87108
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Esteban Montano

Esteban Montano

+1(505) 450-4362
Listed by NM Apartment Advisors, Inc.
$ 522,720
Est. payment /mo
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1315 Madeira DR SE Albuquerque, NM 87108

3 Beds

2 Baths

3,233 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,233 sqft

Price per Sqft $161

Subdivision Summary Plat Tract B Virginia Place Add

MLS Listing ID 1108087

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1980

Annual Tax Amount $3,387

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire an amazing fourplex that was built by the same engineer/ developer who built the Trestle. What is the Trestle? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland Air Force Base.Dr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Beyond this Property's rich history, residents love the upgraded & properly loaded 2 bedroom 1 bath floor plans with quality updates, solid surface flooring throughout, modern fixtures, full size washer / dryers in a separate utility closets, big courtyard spaces, and large & updated kitchens with all appliances -including dishwashers.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% after reserves cap rate, and an after tax IRR of 19.2%.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805605504330208

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Esteban Montano

Esteban Montano

Broker | License ID: 51460

+1(505) 450-4362

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1315 Madeira DR SE