1409 Girard Boulevard NE, Albuquerque, NM 87106
$3,255,609
Property Type:
Residential Income
Square Footage:
16,088
Lot Size (sq. ft.):
17,424
Status:
Closed
Current Price:
$3,255,609
List Date:
7/09/2023
Last Modified:
10/16/2023
Description
This all studio 39 unit portfolio, includes 8 units that were recently renovated and three units that rent as furnished studios for $1,050. Located at 1409 Girard NE and 1440 Vassar NE and just north of UNM north campus (medical/law school) and next to the world-famous Padilla's restaurant (arrive early!).
The owner is offering these properties together or separate. The prices individually are:
1409 Girard NE - $1,940,692 and
1440 Vassar NE - $1,314,914 or
$3,255,609 for all 39 units.
DO YOU NEED MORE? How about 89 units? The same owner has another 50 unit property in Nob-Hill that we are going to market on 9/1 with new rent increases that will be effective 11/1- the price for this property is $5,349,113 but the owner is only willing to sell it as part of the entire 89 u portfoli
More Information MLS# 1018792
Status Change Info
Pending Date: 2023-08-25
Closing Date: 2023-10-16
Contract Information
Listing Price: 3255609
Current Price: $3,255,609
List Price/SqFt: 202.36
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1409
Street Name: Girard
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 1854
Geo Lat: 35.09876
Geo Lon: -106.613374
Area: 40 - UNM
Zone Atlas: J16
City/County Data
UPC Code: 101605825540921406
Subdivision: * A 001REPLAT LTS 4 THRU 8 BLK 1 VISTA LARGA SUBD
General Property Description
# of Units: 39
5+ Units: Yes
Units for Sale: 39
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 16088
Lot Size Source: On-Line
Acres: 0.4
Lot SqFt: 17424
Directions: From I-40 and Carlisle - south to Indian School, west to Girard, north to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1972
Age: 41 - 50
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 5459.62
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 334020
Operating Expenses: 134316
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 20
# Baths: 1
Style: Studiosat1409
Approx. SqFt: 413
Actual Rent: 672
Max Rent: 725
Market Rent: 825
# of Unit Types (2)
# of Units: 8
# Baths: 1
Style: Studiosat1440
Approx. SqFt: 413
Actual Rent: 673
Max Rent: 725
Market Rent: 895
# of Unit Types (3)
# of Units: 8
# Baths: 1
Style: Renovated Studios
Approx. SqFt: 413
Actual Rent: 732
Max Rent: 835
Market Rent: 895
# of Unit Types (4)
# of Units: 3
# Baths: 1
Style: Furnished Studios
Approx. SqFt: 413
Actual Rent: 1050
Max Rent: 1050
Market Rent: 1050
Unit Summary
Total Units: 39
Average Unit Size: 413
Average Actual Rent: 713.58
Annualized: 333960
Total Actual Rent: 27830
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Community; Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Window Units(s)
Flooring: Carpet
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: All Master Metering
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Guest Parking; Paved Lot
Roof: Flat; TPO (G)
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Source: Actual Record; Broker Provided; Owner Provided
Zoning: R-MH*
Documents
LO SO Letter to Buyers, Buyers Broker ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 16 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.