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3505 Lafayette Drive Ne, Albuquerque, NM 87107

$950,000
  • 3505 Lafayette Drive Ne, Albuquerque, NM 87107 Main Photo

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New to the Market Active
BEDS2 BATHS SQUARE FEET9,100 MLS#1103496
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONIndian Rest Sub

Property Description

At 1300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

3505 Lafayette Drive Ne | MLS# 1103496

This multi-family property located at 3505 Lafayette Drive Ne, Albuquerque, NM 87107 is currently listed for sale with an asking price of $950,000. Search Albuquerque real estate on michelleromero.cblegacy.com today.

Property Features

Property Type: Multi Unit - Multiple
Heating: Forced Air
Lot Size: 0.38 Acres
Stories: 2.0
Taxes: $7,291
Year Built: 1978

Feature Descriptions

Appliances: Refrigerator
Exterior: Frame, Stucco
Flooring: Vinyl
Parcel#: 101606038517540709
Units: 7
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Listed By / Shown By

Listed By

Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633

Shown By

Agent Name: Michelle Romero
Agent Phone: (505) 489-7788
Agency Title: Coldwell Banker Legacy

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Estimated Payment

$ 2,998.95 per month $2,114.29 Principal & Interest $607.58 Property Tax $277.08 Homeowner's Insurance

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