1315 Madeira Drive SE

About this property

This your chance to own a unique part of Albuquerque history and a rare opportunity to acquire a amazing fourplex that was built by the same engineer/ developer who built the world largest free standing wood structure (the Trestle). What is the Trestle you ask? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.This fourplex is part of a larger 16 units (4 x fourplexes) community that was developed by Dr. Carl Baum as his primary residence while he worked at Kirtland base for the Air Force. Mr. Baum was known as a world recognized expert on electromagnetic pulse phenomena. He designed and built this portfolio of apartments to be closer to work and model his lifestyle after his work ethic.Measures of investment performance include: at ask price of $522,720, $130,650 per unit, $138.87/sf, 6.92% before reserves CAP rate, a 6.75% afte