Active For Sale Multifamily

Don Quixote Apartments at 1801 Lead Ave SE

1801 Lead Ave SE, Albuquerque, NM, 87106

ID d753b0c7

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Overview

Don't miss this once in a lifetime opportunity. This Property has been Family Owned and Operated for Over 60 Years. The Don Quixote Apartments are right in the Middle of the UNM and CNM Markets (Just 3 Blocks from Both). 32 Fully Furnished Apartments on the North East Corner of Lead & University make it a Very Comforable Wlak to UNM, CNM, Restaurants, Hospitals, Groceries, Entertainment, and Many other Retailers. These Quiet Apartments have Beautiful Courtyards and an On-Site Laundry facility for the Tenants. Current Monthly Rents Total $28,825.00. The 2025 Actual NOI = $257,766.90 (6.8% Cap Rate). Owner Financing available for Qualified Buyers. Please DO NOT distrub the Tenants. For more Information Please call Dave Vincioni @ (505) 250-1277.

Additional Information

City: Albuquerque
State: NM
Zip Code: 87106
Primary Uses: Multifamily
Zoning: R-ML
Zoning Description: Multi-family Low Density
Building Name: Don Quixote Apartments

Floors: 2
Year Built: 1,973
Parking Spaces: 32
Total Units: 32
Laundry: Shared
Average Occupancy Rate: 98%