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Los Duranes Multifamily Home for Sale

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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 Los Duranes

Los Duranes is not Albuquerque’s best-known neighborhood, but it does offer prospective homeowners access to many of the city’s major cultural draws. “It’s kind of a niche neighborhood, just north of Interstate 40,” says Real Estate Broker Austin Wolff of The Lovely Home Company Brokerage, who has 10 years of experience in the area. “Homes there are more affordable than other parts of the city, and there’s pretty good lot sizes. It also has easy access to the trails by the Rio Grande and Old Town Albuquerque, so it’s a great spot in the middle of everything.” While it is not as historic as other neighborhoods on this side of town, recent development has lent Los Duranes a distinctly Southwestern feel with the addition of Pueblo-inspired modern homes. Its proximity to the cultural hubs of Old Town and downtown, as well as to the river, help make the neighborhood a hidden gem for value-minded buyers. Prospective buyers will find various styles throughout the neighborhood, from squat mid-century ranch-style homes with Spanish tile roofs to Modern Traditional builds from the early 2000s incorporating Southwestern Pueblo design features. “Los Duranes was developed primarily between the

Home Trends in Los Duranes, NM

Housing Trends

Median Sale Price
$354,500
Median Single Family Sale Price
$367,500
Average Price Per Sq Ft
$215
Number of Homes for Sale
4
Last 12 months Home Sales
14
Months of Supply
3.40
Median List Price
$387,450
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
24%
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