For Sale For Rent
Advertise
bedrooms Pending
bedrooms
bedrooms
2
bathrooms
bathrooms
0
square feet
square feet
2,680
acreage
Acreage
0.22
open houses
Open Houses
-
year built
year built
1996
full baths
Full Baths
0
half baths
Half Baths
0
Built in 1996 by the owners' family and designed by their father, a well known local architect, Allan G Elsik, this is the first time this treasured community has been available for sale. Each unit has two bedrooms and one bathroom and averages 893 sf.The property is owned by an estate and they heir's do need to cash out.At the current average rents of $1,300, and an ask price of $519,335 the measures of investment performance include a price per unit of $173,112, price per square foot of $193.78, a GRM of 11.10, an after reserves cap rate of 6.56%.
Location
Subdivision Heights Reservoir Addition
County Bernalillo
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 1081644
Listing agent: Todd D Clarke #13711
Listing broker: Nm Apartment Advisors Inc. (505) 440-8633
Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, April 22 2025 at 3:42 p.m. EDT
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