2929 Monte Vista Boulevard NE

    Albuquerque, NM 87106
    • $1,631,824
    • STATUS: Active
    • ON SITE: 596 days
    • MLS #: 909945
    $1,631,824
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,420
      SQFT
    • $301
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Amazing building - like new construction - renovated ground up in 2010. You have hit the Trifecta for walk (90), bike (96) and transit (50) scores, scoring in the top 10% for each. Across the street from UNM and just south of the nob-hill gateway and Route 66.Seven (7) units total - two (2) retail spaces on ground floor, plus five (5) furnished apartments that can be live/work or vacation rental (property has 5 year history of master leased to vacation rental operator).3rd floor penthouse apartment has views 360 of the city and seating for 50!Mixed use property is exactly what the millennial generation is looking for.Measure of investment performance at list price of $1,631,824 include, price per unit of $233,118, $/sf of $301.07, GRM of 11.65, Cap Rate before reserves of 5

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    IDX information © 2019 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: 2019-09-17T00:05:48.637.
    www.metrohomesearch.com/homes/80304422

    2929 Monte Vista Boulevard NE Albuquerque, NM 87106

    • Price: $1,631,824
    • Status: Active
    • MLS #: 909945
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    5,420
    SQFT
    $301
    $/SQFT
    1950
    Built
    Neighborhood:
    Monte Vista Add
    County:
    Bernalillo
    Area:
    40 - UNM
    Property Description
    Amazing building - like new construction - renovated ground up in 2010. You have hit the Trifecta for walk (90), bike (96) and transit (50) scores, scoring in the top 10% for each. Across the street from UNM and just south of the nob-hill gateway and Route 66.Seven (7) units total - two (2) retail spaces on ground floor, plus five (5) furnished apartments that can be live/work or vacation rental (property has 5 year history of master leased to vacation rental operator).3rd floor penthouse apartment has views 360 of the city and seating for 50!Mixed use property is exactly what the millennial generation is looking for.Measure of investment performance at list price of $1,631,824 include, price per unit of $233,118, $/sf of $301.07, GRM of 11.65, Cap Rate before reserves of 5
    Exterior Features

    Construction Block Exterior Material None Stories 3 Total Buildings 1 Total Stories In Building 3.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 774.28 Basement No Cooling Refrigerated Flooring See Remarks Heating Gas Unit Type1 Approx Sq Ft 1600 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 0 Unit Type1 Style Retail Unit Type2 Approx Sq Ft 800 Unit Type2 Baths 1.00 Unit Type2 Bedrooms 0 Unit Type2 Style Retail Unit Type3 Approx Sq Ft 480 Unit Type3 Baths 1.00 Unit Type3 Bedrooms 0 Unit Type4 Approx Sq Ft 560 Unit Type4 Baths 1.00 Unit Type4 Bedrooms 0 Unit Type5 Approx Sq Ft 520 Unit Type5 Baths 1.00 Unit Type5 Bedrooms 0 Unit Type6 Approx Sq Ft 900 Unit Type6 Baths 1.00 Unit Type6 Bedrooms 1 Unit Type6 Style Penthouse

    Property Features

    5 Plus Units Yes Age 7 - 9 Allowance Concession YN No Amenities Balconies/DeckNo LandscapingOwners Unit Apx Taxes 2839.34 Average Actual Rent 1667.85 Bank Owned No Builder Unknown Disability Access Unknown Finance Considered CashConventional Lead Base Paint Yes Lot Size Source On-Line Multiple Lots One Owner Occupant Unit Yes Owner Pays Other - See Remarks Property Sub Type 7 Units Rental Info Other - See Remarks Source Other - See Remarks Sq Ft Source Per Appraisal Tax Exemption No Tenant Pays Other - See Remarks Total Actual Rent 11675.00 Total Units 7 Trade Exchange Considered No Unit Summary Annualized 140100.00 Unit Type1 Actual Rent 3000 Unit Type1 Market Rent 3000 Unit Type1 Max Rent 3000 Unit Type1 Num Units 1 Unit Type2 Actual Rent 2000 Unit Type2 Market Rent 2000 Unit Type2 Max Rent 2000 Unit Type2 Num Units 1 Unit Type3 Actual Rent 950 Unit Type3 Market Rent 950 Unit Type3 Max Rent 950 Unit Type3 Num Units 1 Unit Type4 Actual Rent 1225 Unit Type4 Market Rent 1250 Unit Type4 Max Rent 1250 Unit Type4 Num Units 2 Unit Type5 Actual Rent 1100 Unit Type5 Market Rent 1100 Unit Type5 Max Rent 1100 Unit Type5 Num Units 1 Unit Type6 Actual Rent 2175 Unit Type6 Market Rent 2175 Unit Type6 Max Rent 2175 Unit Type6 Num Units 1 Units For Sale 7 Utilities All City Year Built Exception Unknown Zoning Mx-M*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 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: 2019-09-17T00:05:48.637.
     
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    6715-B Academy NE
    Albuquerque NM, 87109