12509 Manitoba Drive NE, Albuquerque, NM 87112

• 2 beds |
• 1 bath |
• 2,940 sqft

Property Description

The property is located close to foothills trails, Sandia Pueblo, The Elena Gallegos open space preserve, the second longest aerial Tramway in the world as well as, KAFB/Sandia National Laboratories and great local shopping & restaurants. Each apartment contains two bedrooms and one bathroom and separately metered for gas and electric. There is one on-site laundry room, downstairs just off the large parking lot that accommodates plenty of off street parking. Measures of investment performance at ask price of $552,214 and average rents of $1,088 are a GRM of 10.60, a 5.36% cap rate, $138,804 per unit, $188.17/sf.If rents are raised to market rate of $1,395, the measure of investment performance improve to a 6.91% cap rate and that a large potential increases in property taxe

Listing Status:

Active

Date Added:

December 18, 2025 at 06:00AM

Listing Office:

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

Listing Agent:

Todd D Clarke : (505) 440-8633

MLS ID:

1095868

Interior

• Appliances: Refrigerator
• Flooring: CarpetVinyl
• A/C: Evaporative Cooling
• Heating: CentralForced Air
• Disability Feature: None
• Eco/Green Feature: None

Exterior

• Parking: Parking spaces: 6

Construction

• General: FrameStucco2

Location

• Originating MLS: SWMLS_SWMLS
• County: Bernalillo

Lot

• Zoning: R2Parts 5&6Tract BNew Holiday Park Subdivision102206151327010418

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected

Financial

• Source: SWMLS_SWMLS

This listing courtesy of Todd D Clarke, NM Apartment Advisors, Inc.