1801 Mesa Vista Ne Road, Albuquerque, NM 87106

$648,000
1
BA
15,139
SqFt
List Price
$648,000
MLS#
993736
Status
ACTIVE
Number of Units
32
County
Bernalillo
City
Albuquerque
Subdivision
Sigma Chi
Bathrooms
1
Living Area
15,139
Acres
0.44

Property Description

Tour date 6/22 at noon, offer deadline 6/24.Located just south of Golden Pride, and a long block from the UNM Presidential house/ duck pond, and along former Greek row, 1801 Mesa Vista NE was a former Greek house dorm with 32 rooms and large public common spaces.Whether you desire to renovate into a large house with a guest quarters, take on renting it as a residential dorm, scrape the site, or convert it to 24 high end units, the ask price of $648,000 or $42 per gross square foot is an amazing foundation for its rebirth. Could this be your Corazon You(NM), (the heart of you and UNM)?Based on 24 high end apartments, with an average rental price of $816, the potential renovated, leased up value is $2,297,758. The spread between that and the ask price leaves room or reno and profit.

Additional Information

Days on Market
15
Year Built
1960
Stories
3
Cooling
None
Heating
None

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

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