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421 Broadway Boulevard SE

Albuquerque, NM 87102
  • $1,335,236
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 1063960
UPDATED: 126 min ago
$1,335,236
  • 0
    BEDS
  • 0.32
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 9,250
    SQFT
  • $144
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%.

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IDX information © 2024 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: 2024-06-14T22:05:23.82.
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421 Broadway Boulevard SE Albuquerque, NM 87102

  • Price: $1,335,236
  • Status: Active
  • On Site: 17 Days
  • Updated: 126 min ago
  • MLS #: 1063960
0
Beds
1
Baths
0
½ Baths
0.32
Acres
9,250
SQFT
$144
$/SQFT
1920
Built
Neighborhood:
Huning's Highland Addition
County:
Bernalillo
Area:
80 - Downtown Area
Property Description
The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%.
Exterior Features

Construction Materials Adobe Brick Brick Veneer Frame Stucco Levels Two

Interior Features

Appliances Refrigerator Basement YN Yes Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Wood Heating Central Forced Air Heating YN Yes

Property Features

Accessibility Features None Builder Name Unknown Building Area Total 9250 Green Energy Generation None Gross Income 147504 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Operating Expense 51898 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 5093.48 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description MX- M*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 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: 2024-06-14T22:05:23.82.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109