$1,424,506
Listed on Aug 10, 2026
5 bds · 3 ba · 9,650 sqft
808 Ortiz Drive SE, Albuquerque, 87108
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(505) 521 8550
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7600 Central Avenue SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 09.30.2024 for $1,425,000
1
Bed
1
Bath
10,515
SqFt Home
1
Story
1946
Year Built
27,443
SqFt Lot
About this property
The Pioneer Apartments (7600 Central Ave. SE) price has been reduced to $1,425,000, a $100,000 reduction. Respectively, the in-place investment returns are robust relative to market… Show more
The Pioneer Apartments (7600 Central Ave. SE) price has been reduced to $1,425,000, a $100,000 reduction. Respectively, the in-place investment returns are robust relative to market competitors. At $64,773/Unit, the August 2024 Gross Rent Multiplier (GRM) is 7.03. A GRM below 8.50 is highly unusual for a fully renovated property. Since 2018, The Pioneer Apartments have undergone substantial renovations to provide secure and clean housing for low-income Albuquerque residents. Over the past fifteen (15) months, the owner invested nearly $120,000 in capital improvements, including a 6-ft tall wrought iron perimeter fence and new electrical panel.Cap Rate: 7.86%Pre-Tax Cash-on-Cash Return: 8.50%-10.72% *See Flyer for Acquisiton Financing Assumptions.*
Property details for 7600 Central Avenue SE
Interior
Bathrooms Total:
1
Appliances:
Cooktop, Microwave, Refrigerator, Range Hood
Flooring:
Laminate, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.63
Lot Size:
27,443 sqft
Building and construction
Property Type:
Residential Income
Building Area Total:
10,515 sqft
Year Built:
1946
Levels:
One
Number Of Units Total:
22
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1067286
Listing Terms:
Cash, Conventional, FHA
Number Of Buildings:
1
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
County:
Bernalillo
Parcel Number:
101905716808030426
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Evaporative Cooling, Varies by Unit, Window Unit(s)
Heating:
Floor Furnace
Heating (Y/N):
Yes
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7600 Central Avenue SE Albuquerque, NM 87108 listed as MLS #1067286.
This 1 bedroom 10,515 sqft Residential Income built in 1946 located in Albuquerque NM 87108.
7600 Central Avenue SE was sold for $1,425,000 as MLS #1067286.
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personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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