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Courtesy: Nm Apartment Advisors, Inc.
  • Price:

    • $3,250,000

  • Listing #:
    • 847327
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 33,000
  • # of Acres:
    • 1.30
  • Lot Size:
    • 56,628
  • Year Built:
    • 1960
  • Subdivision:
    • Heights Reservoir Add Tr 18
  • City:
  • County:
    • Bernalillo
  • Area:
    • 40 - Unm
  • State:
    • NM
  • Zip:
    • 87108

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Description

Nob Hill infill investment opportunityNM Apartment Advisors Inc. is proud to bring to market the Zia East apartments. Located just north and east of Albuquerque's retail, restaurant mecca, Nob Hill, the Zia East apartments are adjacent to Zia park and Zia Elementary school. Surrounded by $160,000-$225,000 residences, this 50 unit community is an excellent opportunity for a value-add investor who wants to build on the stable resident base the current owner/management team has put in place.The high walk score (72) and bike score (79) is reflective of the Nob Hill lifestyle which offers millennials and baby boomers over 80 restaurants, a Sprouts grocery market and easy access to the UNM and CNM campuses.
  • Units
    • Owner Occupant Unit:
      • - No
    • Total # Of Buildings:
      • - 7
    • # Of Units:
      • - 50.00
    • Unit Summary: Total Units:
      • - 50
    • # Of Unit Types (1): # Of Units:
      • - 50
    • # Of Unit Types (1): Approx. Sqft:
      • - 653
    • # Of Unit Types (1): # Of Bedrooms:
      • - 1
    • # Of Unit Types (1): # Baths:
      • - 1.00
    • # Of Unit Types (1): Market Rent:
      • - 665
    • # Of Unit Types (1): Actual Rent:
      • - $605.00
    • # Of Unit Types (1): Max Rent:
      • - 610
  • Construction
    • Age:
      • - 1 - 3
    • Number Of Stories:
      • - 2
    • Details:
      • - Frame
    • Roof:
      • - Flat
    • Details:
      • - Stucco
    • Builder:
      • - Unk
    • Flooring:
      • - Carpet
      • - Tile (not Vinyl)
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - Yes
  • Lot
    • Details:
      • - R-3
  • Rent
    • Tenant Pays:
      • - None
    • Rental Info:
      • - Current Lse Agreemnt
    • Unit Summary: Annualized:
      • - 363000.00
    • Unit Summary: Average Unit Size:
      • - 653.00
    • Unit Summary: Average Actual Rent:
      • - 605.00
    • Unit Summary: Total Actual Rent:
      • - 30250.00
    • Owner Pays:
      • - Electric
      • - Gas
      • - Maintenance
      • - Sewer
      • - Trash Removal
      • - Water
  • Utilities
    • Utilities:
      • - All City
    • Heating:
      • - Central Forced Air
    • Cooling:
      • - Evaporative
    • Metering:
      • - All Master Metering
  • Income & Expenses
    • Operating Expenses:
      • - All
      • - Call Listing Broker
    • Approx. Taxes:
      • - 13213.10
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - Laundry Community
      • - Some Landscaping
    • Appliances Included:
      • - Refrigerator
    • Days On Market:
      • - 612
    • Finance Considered:
      • - Cash
      • - Conventional

For more information on this listing, please contact...