Active For Sale InvestmentMultifamily

9607 Central NW

9607 Central Ave NW, Albuquerque, NM, 87121

ID bb0f15c3

Overview

Investment sale opportunity at 9607 Central Ave NW in Albuquerque, New Mexico, comprising a multifamily property with 11 residential units and three RV pad sites. The property includes six buildings totaling approximately 6,845 square feet on two parcels totaling 1.3993 acres.The unit mix consists of two studios, five one-bedroom units, three two-bedroom units, and one three-bedroom house. Originally built in 1946, the property is zoned NR-BP and offers additional land for storage or potential future development, subject to applicable approvals.Located along historic Route 66, the property is within walking distance of El Mezquite Marketplace, Starbucks, and McDonald’s, with additional library and retail amenities a short drive away. The NR-BP zoning district accommodates a range of nonresidential uses, including office, commercial, research, industrial, distribution, showroom, processing, and institutional uses.The asking price is $1,427,100, with a reported 7.8% cap rate.

Additional Information

City: Albuquerque
State: NM
Zip Code: 87121
Primary Uses: Investment, Multifamily
Zoning: NR-BP

Zoning Description: NON-RESIDENTIAL – BUSINESS PARK ZONE DISTRICT (NR-BP). The purpose of the NR-BP zone district is to accommodate a wide range of nonresidential uses in campus-like settings to buffer potential impacts on surrounding uses and adjacent areas. Allowable uses include a wide variety of office, commercial, research, industrial, distribution, showroom, processing, and institutional uses.
# of Buildings: 6
Year Built: 1,946
Total Units: 11