2929 Monte Vista Boulevard NE, Albuquerque, NM 87106

$1,631,824
5,420
SqFt
List Price
$1,631,824
MLS#
909945
Property Type
Multifamily
Sqft. of Residence
5,420
Lot Size
3,049
Region
UNM
Status
ACTIVE
Estimated Age
7 - 9

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

Additional Information

County
Bernalillo
Subdivison
Monte Vista Add
Age
7 - 9
Acres
0.07
Approximate Taxes
2839.34
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional
Floor Number
7
Flooring
See Remarks
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
7
Total
1
Township
Unknown
Utilities
All City
Zoning
MX-M*

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.