300 La Veta Ne Drive, Albuquerque, NM 87108

$898,300
1
BD
1
BA
6,048
SqFt
List Price
$898,300
MLS#
986324
Status
PENDING
Number of Units
12
County
Bernalillo
City
Albuquerque
Subdivision
Tijeras Place Addition
Bedrooms
1
Bathrooms
1
Living Area
6,048
Acres
0.12

Property Description

Known as Nob Hill Square, and located at 300 La Veta NE this community is on the north east corner of Zia and La Veta and just a couple of blocks or so from Dion's Pizza, Loyola's Restaurant, the National Dance Institute, New Mexico Music School, Media Arts Charter School, Antique Mall Row, and a short bike ride to the heart of Nob-Hill and UNM/CNM.The owners have remodeled the property inside and have made over $115,000 in upgrades and improvements. These upgrades include a new roof, parking lot and gating the community. Although the property is 100% occupied, the owners have advanced the rents to market on 25% of the units (now $605 net of utilities) leaving the remaining 75% of the units to be brought to market, doing so increases the cap rate to 7.83%.

Additional Information

Days on Market
55
Year Built
1973
Stories
2
Cooling
Evaporative Cooling
Heating
Central, Forced Air

Mortgage Calculator

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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.