Description
200 Hermosa is a mixed use property in Albuquerque's most notable cultural hub, Nob Hill. This property is a mix of 20 studios, 2 1-Bedroom, and 1 Commercial units. Total gross building area is 11,369 SF with most Studio units being 300 SF. The property has remained very occupied historically, and is in a highly desirable rental market. 200 Hermosa is a prime candidate for a new owner to add value by improving units and common areas/amenities. Majority of units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and use type. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.
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0BEDS
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0.46ACRES
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1BATHS
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01/2 BATHS
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11,369SQFT
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$246$/SQFT
School Ratings & Info
Description
200 Hermosa is a mixed use property in Albuquerque's most notable cultural hub, Nob Hill. This property is a mix of 20 studios, 2 1-Bedroom, and 1 Commercial units. Total gross building area is 11,369 SF with most Studio units being 300 SF. The property has remained very occupied historically, and is in a highly desirable rental market. 200 Hermosa is a prime candidate for a new owner to add value by improving units and common areas/amenities. Majority of units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and use type. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-08-14T12:04:54.807.
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Listing courtesy of Berkshire Hathaway Nm Prop. © 2022 Southwest Multiple Listing Service, Inc.