2929 Monte Vista Boulevard NE
Albuquerque, NM 87106
MLS #909945
Multi-family
$1,631,824
Est. P&I payment: $6232.46/mo
Description for 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106Amazing 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
MLS #909945
General Features
- Property Type: C
- Units for Sale: 7
- Approx Structured SqFt: 5,420
- Year Built: 1950
- Total Number of Stories: 3
- Total Number of Buildings: 1
- Stories: 3
- Property Sub-Type: 7 Units
- 5+ Units: Yes
- Age: 7 - 9
- Number of Units: 7
- Lot SqFt: 3,049
- Zoning: CCR-1
Interior Features
- Basement: Basement: No
- Unit Type 1: Number of Units: 1
- Unit Type 1: Number Baths: 1
- Unit Type 1: Style: Retail
- Unit Type 1: Average SqFt: 1,600
- Unit Type 2: Number of Units: 1
- Unit Type 2: Number Baths: 1
- Unit Type 2: Style: Retail
- Unit Type 2: Average SqFt: 800
- Unit Type 3: Number of Units: 1
- Unit Type 3: Number Baths: 1
- Unit Type 3: Average SqFt: 480
- Unit Type 4: Number of Units: 2
- Unit Type 4: Number Baths: 1
- Unit Type 4: Average SqFt: 560
- Unit Type 5: Number of Units: 1
- Unit Type 5: Number Baths: 1
- Unit Type 5: Average SqFt: 520
- Unit Type 6: Number of Units: 1
- Unit Type 6: Number of Bedrooms: 1
- Unit Type 6: Number Baths: 1
- Unit Type 6: Style: Penthouse
- Unit Type 6: Average SqFt: 900
- Unit Summary: Total Units: 7
- Unit Summary: Average Unit Size: 774
- Unit Summary: Average Actual Rent: 1,668
- Unit Summary: Annualized: 140,100
- Flooring: See Remarks
Utility Features
- Amenities: Balconies/Deck,No Landscaping,Owners Unit
- Appliances included: Refrigerator
- Cooling: Refrigerated
- Heating: Gas
- Utilities: All City
Financial Features
- Approximate Taxes: 2,839
- List Price/SqFt: 301
- Foreclosure: No
- Unit Type 1: Average Actual Rent: 3,000
- Unit Type 1: Max Rent: 3,000
- Unit Type 1: Market Rent: 3,000
- Unit Type 2: Average Actual Rent: 2,000
- Unit Type 2: Max Rent: 2,000
- Unit Type 2: Market Rent: 2,000
- Unit Type 3: Average Actual Rent: 950
- Unit Type 3: Max Rent: 950
- Unit Type 3: Market Rent: 950
- Unit Type 4: Average Actual Rent: 1,225
- Unit Type 4: Max Rent: 1,250
- Unit Type 4: Market Rent: 1,250
- Unit Type 5: Average Actual Rent: 1,100
- Unit Type 5: Max Rent: 1,100
- Unit Type 5: Market Rent: 1,100
- Unit Type 6: Average Actual Rent: 2,175
- Unit Type 6: Max Rent: 2,175
- Unit Type 6: Market Rent: 2,175
- Unit Summary: Total Actual Rent: 11,675
- Finance Considered: Cash,Conventional
- Owner Pays: Other - See Remarks
- Tenant Pays: Other - See Remarks
Miscellaneous Features
- Disability Access: Unknown
- Lead Base Paint: Yes
- Construction: Block
Location
Street View Not Available
Directions to 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106
From I-25 and Central (Route 66) east past UNM, past Girard Blvd, left (north) on Richmond, left on Monte Vista to property
The listing information for 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.
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Last Updated 04/24/2018 at 6:14am
