3440 Ross Ave Se, Albuquerque, Nm 87106, 3444 Ross Ave Se, Albuquerque, Nm 87106

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3440 Ross Ave Se, Albuquerque, Nm 87106, 3444 Ross Ave Se, Albuquerque, Nm 87106

Dickinson, ND 58601
Asking Price
$1.07M
Asset Type
Multifamily
Class
Class B

What's Special

3440 and 3444 Ross Avenue SE are situated in the Victory Hills neighborhood of Southeast Albuquerque, near the major intersection of Gibson Boulevard and Girard Boulevard. The location provides proximity to the University of New Mexico, Puerto Del Sol Golf Course, and the Albuquerque International Sunport. Residents have access to neighborhood retail centers, local dining, and emergency medical services at the nearby VA Medical Center. The area is served by several bus lines along Gibson Boulevard, offering public transit connectivity to the greater metropolitan area and the Interstate 25 corridor. This multifamily property is suited for rental housing conversion or ongoing residential investment. The location’s proximity to higher education institutions and major employment hubs makes it a functional option for university students, faculty, or staff. Additionally, the asset serves as a viable housing solution for healthcare professionals employed at the surrounding medical facilities and personnel stationed at Kirtland Air Force Base. The residential character of the street accommodates a tenant profile seeking proximity to urban amenities while residing in a concentrated housing district.

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NOI
$80,000
Cap Rate
7.50%
DSCR
1.26
Strong
Cash-on-Cash
5.23%
Monthly Payment
$5,273.986
Annual Cash Flow
$16,712.164

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