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Explore Similar Apartments Within 2 Miles of Ladera Heights, NM

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    $466,888

    • 3 Beds
    • 2 Baths
    • 2,786 Sq Ft

    2450 Floral Rd NW, Albuquerque, NM 87104

    The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential

    Todd Clarke NM Apartment Advisors, Inc.

    2450 Floral Rd NW, Albuquerque, NM 87104

Why Live in Ladera Heights

Ladera Heights in Albuquerque is a tranquil suburb located 5 miles west of downtown, offering a blend of community spirit and convenience. The neighborhood is known for its proximity to Interstate 40 and the Petroglyph National Monument, which features hiking trails and historical petroglyphs. Residents enjoy various things to do, including golfing at Ladera Golf Course, visiting pocket parks, and exploring Rinconada Park and Abel’s Dog Park. The area is characterized by late 20th-century Pueblo and Spanish Revival homes in the northwest and 1970s and ‘80s ranch styles in the southeast, with most homes featuring two-car garages and xeriscaped yards. Ladera Heights is well-connected, with Coors Boulevard and U.S. Route 66 providing access to shops, restaurants, and essential services. The neighborhood is bike-friendly and offers good public transit options, including the Central and Unser Transit Center. Notable dining spots include Mariscos Altamar for Mexican seafood and Mac’s La Sierra Coffee Shop, a Route 66 landmark. Families can enjoy the Jennifer Riordan Spark Kindness Sports Complex and the nearby Petroglyph National Monument. The area is safer than the national average, making it a comfortable place for residents. However, some homes are in a Special Flood Hazard Area, requiring flood insurance and special permits for construction. The neighborhood is also close to Albuquerque’s major festivals, such as ¡Globalquerque! and the Summerfest series, adding to its vibrant community life.

Home Trends in Ladera Heights, NM

Housing Trends

Median Sale Price
$266,250
Median Single Family Sale Price
$286,000
Median Townhouse Sale Price
$239,250
Median 2 Bedroom Sale Price
$245,000
Average Price Per Sq Ft
$206
Number of Homes for Sale
5
Last 12 months Home Sales
60
Months of Supply
1.00
Median List Price
$271,945
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%
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