Home / Albuquerque / Southeast Heights / Virginia Place Addition / MLS #1092641

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1200 Ortiz Drive SE

Albuquerque, NM 87108

$3,965,358

1 bd • 1 ba • 25,632 sqft • 0.31 acres

1 Story

Stories

$155

Per SQFT

1964

Year Built

10/08/2025

Listing Date

1092641

Listing #

87108

Zip Code

About This Property

Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...

Interior

Bathrooms Total: 1

Appliances: Refrigerator

Flooring: Carpet, Vinyl

Building And Construction

Property Type: Residential Income

Property Sub Type: Multi Family

Building Area Total: 25,632 sqft

Year Built: 1964

Construction Materials: Block

Green Energy Generation: Solar

Levels: One

Number Of Units Total: 44

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.31

Lot Size Square Feet: 13503.6

Parking Total: 47

Provisional

MLS #: 1092641

Gross Income: 401863

Listing Terms: Cash, Conventional

Number Of Buildings: 8

Operating Expense: 281800

Owner Pays: Other, See Remarks

Tenant Pays: Other, See Remarks

Area And Schools

City: Albuquerque

Postal Code: 87108

MLS Area Major: Southeast Heights

Subdivision: Virginia Place Addition

County: Bernalillo

Parcel Number: 101805604219331411

Utilities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected

Heating: Active Solar, Other, See Remarks

Heating (Y/N): Yes

Location

Directions: From I-25 and Gibson, east on Gibson past San Mateo, north on Ortiz to property.

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** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Listing courtesy of NM Apartment Advisors, Inc.

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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550

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