Map of Property

1027 Truman SE

For Sale

1027 Truman SE, Albuquerque, NM 87108

This Albuquerque property for sale is located at 1027 Truman SE. The current listed sale price for 1027 Truman SE is $923,759. 1027 Truman SE is situated on a lot that is 0.33 acre in size.

Contacts

broker

Todd Clarke

New Mexico Apartment Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 5,500 SF
  • Units 10
  • Lot Size 0.33 Acre
  • Cap Rate % 6.36
  • Additional Rent Contact for pricing
  • Year Built 1955
  • Date Updated Oct 25, 2024

On behalf of the owner, NM Apartment Advisors and Deacon Property Services are thrilled to bring to market this mid-century modern gem of a 10 unit apartment complex. Excellent Ridgecrest location: pride of ownership block right off Ridgecrest Ave. and Kathryn Ave. Close to UNM, CNM, Kirtland Air Force Base, the Sunport, and Nob Hill. This property is positioned to reap the beneÞts of Albuquerque's largest and most concentrated revitalization and inÞll development effort along the south San Mateo and Gibson corridors. It's also just blocks to the brand new Albuquerque Community Safety Headquarters and the Max Q mixed use Development project. Simple runway to value-add equity gain and exceptional cash flow. Nearly all essential value-add work is complete at the property, yet rents are 25% to 30% under market (as is). All units feature excellent / pragmatic floor plans complimented by well-preserved mid-century modern Þnishes (hardwood floors, built-ins, cool tile work, great closet space) with washer dryers, private yard / patio spaces and other smart updates. Separately metered for gas and electric with further value add ready through implementing a simple RUBS billback system for water/sewer/garbage. Meanwhile, the project-minded investor will Þnd even greater value-add in further upgrading these awesome apartments. Opportunities like this – in this size and price range - only come around once every couple of years. Don't spend the next 2 years looking in the rear view mirror, wishing you'd bought this gem.

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Getting around

  • 63/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 76/100

    Bike Score ®

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Location

  • City Albuquerque, NM
  • Neighborhood Parkland Hills
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    4.22 miles

  • Asia Train Station

    4.47 miles

  • Bernalillo County/International Sunport

    4.66 miles

  • Tingley Station

    5.08 miles

  • Montaño

    5.51 miles

  • Aquarium/Garden Station

    5.53 miles

  • Los Ranchos/Journal Center

    7.79 miles

  • Isleta Pueblo

    9.58 miles

  • Sandia Pueblo

    10.00 miles

  • Alon

    0.10 miles

  • Murphy Express

    0.45 miles

  • Pump-N-Save

    0.52 miles

  • Gibson Food Mart

    0.67 miles

  • Valero

    0.69 miles

  • Fill-Up

    0.83 miles

  • Y-Mart

    0.86 miles

  • Circle K

    0.93 miles

  • Tesla Supercharger

    3.25 miles

  • ChargePoint

    3.83 miles

  • Patient Lot

    0.77 miles

  • Employee Lot J

    0.88 miles

  • Recreational Storage

    1.40 miles

  • Cell Phone Waiting Area

    1.78 miles

  • Credit-card Lot

    1.86 miles

  • Long-term parking

    1.98 miles

  • Allegiant

    1.98 miles

  • Southwest

    1.99 miles

  • Delta

    2.02 miles

  • Lazy H Motel

    0.84 miles

  • Sahara Motel

    0.86 miles

  • De Anza Motor Lodge

    1.02 miles

  • Hotel Zazz

    1.27 miles

  • American Inn & Suites

    1.46 miles

  • Hiway House

    1.53 miles

  • Extended Stay America

    1.85 miles

  • Days Inn & Suites by Wyndham Airport Albuquerque

    1.87 miles

  • TownePlace Suites

    1.89 miles

  • Barcelona Suites

    1.89 miles

  • 999 Seafood Supermarket

    0.55 miles

  • El Mezquite Market

    0.79 miles

  • Bombay Spice

    1.02 miles

  • Nob Hill Body and Soul Center

    1.15 miles

  • La Montañita Co-op Nob Hill

    1.35 miles

  • Sprouts Farmers Market

    1.42 miles

  • Kirtland Commissary

    1.57 miles

  • Smith's

    1.59 miles

  • Kirtland Exchange

    1.68 miles

  • La Montanita

    2.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Todd Clarke

New Mexico Apartment Advisors