200 Hermosa Drive NE, Albuquerque, NM 87108
$2,800,000
Property Type:
Residential Income
Square Footage:
11,369
Lot Size (sq. ft.):
10,019
Status:
Active
Current Price:
$2,800,000
List Date:
2/21/2024
Last Modified:
3/05/2024
Description
Introducing Hermosa Commons, a stunning turnkey multi-family and commercial building investment portfolio located in the heart of
the highly desirable Nob Hill neighborhood. As you may know, Albuquerque is in a housing crisis, and thanks to all the new job growth the demand for
apartments has skyrocketed. Hermosa is a mixed-use property boasting a total of 22 units (20 studios, 2 - 1 bedrooms, and commercial units, with a
gross building area of 11,369 sq. ft. Most studio units are 330 sq. ft. with the same floor plans. The property is turn-key with a strong history of
occupancy and is located in a high-demand rental market. Currently, owner-managed fully remotely with maintenance and video security system.
More Information MLS# 1057503
Contract Information
Listing Price: 2800000
Current Price: $2,800,000
List Price/SqFt: 246.28
Status: Active
Bank Owned: No
Location
Street #: 200
Street Name: Hermosa
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1068
Geo Lat: 35.080309
Geo Lon: -106.602835
Area: 40 - UNM
Zone Atlas: K17
City/County Data
UPC Code: 101705703819232308
General Property Description
# of Units: 22
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 11369
Lot Size Source: On-Line
Acres: 0.23
Lot SqFt: 10018.8
Directions: From I-40 and Carlisle, south on Carlisle, to Copper, east to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1977
Age: Select One
# Parking Spaces: 29
Disability Access: Unknown
LBP Disclosure: Yes
Builder: -
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 6563.97
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 22
# of Bedrooms: 22
# Baths: 22
Approx. SqFt: 1139
Actual Rent: 650
Max Rent: 900
Market Rent: 925
Unit Summary
Total Units: 22
Average Unit Size: 1139
Average Actual Rent: 650
Annualized: 171600
Total Actual Rent: 14300
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Community; Some Landscaping; Tenant Storage
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Electric; Hot Water; Perimeter/Baseboard
Cooling: Central Air
Flooring: Carpet; Laminate
Green Energy Generation: None
Electric Provider: Public Utility
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; Other - See Remarks
Zoning: MX-T*
Listing Office: USRealty.com, LLP
Last Updated: March - 05 - 2024
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.