Renovated 11-Unit Apartment
For Sale
Contact for pricing
6116 Central Ave SW, Albuquerque, NM 87105
Recently renovated multifamily asset in lease-up, within walking distance of retail, restaurants, and two ART transit stops.
Property SizeContact for details
Days on Market145
Property Features for 6116 Central Ave SW
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
N.M. Apartments, Inc.
Listed By:
Todd Clarke · License #13711
(505) 440-8633
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This 11-unit apartment property has undergone recent renovations and is currently in the lease-up stage. The asset is located at 6116 Central Ave SW and is identified with the historic Route 66 corridor. Existing property materials include unit floorplans, an inspection summary, property management information, and virtual tours of selected units.
Residents can walk to nearby retail and restaurants, with two Albuquerque Rapid Transit stops also within walking distance. Reported investment metrics include a 6.70 GRM, a 7.75% before-reserves cap rate, and a 17.10% after-tax internal rate of return. The property is offered for sale.
Residents can walk to nearby retail and restaurants, with two Albuquerque Rapid Transit stops also within walking distance. Reported investment metrics include a 6.70 GRM, a 7.75% before-reserves cap rate, and a 17.10% after-tax internal rate of return. The property is offered for sale.
Key Highlights
- 11 apartment units
- Recently renovated and currently in lease‑up
- Located at 6116 Central Ave SW in Albuquerque
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated multifamily asset in lease-up, within walking distance of retail, restaurants, and two ART transit stops.
Where is this apartment building located?
The property is located at 6116 Central Ave SW Albuquerque, NM.
What are key features of this property?
This property features: 11 apartment units; Recently renovated and currently in lease‑up; Located at 6116 Central Ave SW in Albuquerque
