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300 San Mateo Boulevard NE, Albuquerque, NM 87108
$500,000
Property Type:
Residential Income
Square Footage:
101,000
Lot Size (sq. ft.):
146,802
Status:
Closed
Current Price:
$500,000
List Date:
5/01/2023
Last Modified:
9/26/2023
Description
Only $5/sf! - 101,000 sf office building - approved for over 115 new apartment units.
Property is up for auction - auction starts 7/24 - closes 7/26 - List price is the starting price for the auction.
The property is located in East Nob-Hill and in the path of new development along a major transportation corridor. The upper floors offer unparalleled views in all directions. 80% of the building has been gutted offering wall to wall views and making redevelopment easier.
Do not miss out in this amazing redevelopment opportunity and the ability to develop into a high demand market as Albuquerque is the #1 multifamily market in the country for rent growth due to all of the new Netlflix, Amazon, Facebook, and Intel jobs.
Contact your buyers broker for additional information on the
More Information MLS# 1033561
Status Change Info
Pending Date: 2023-07-26
Closing Date: 2023-09-26
Contract Information
Listing Price: 500000
Current Price: $500,000
List Price/SqFt: 4.95
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 300
Street Name: San Mateo
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1519
Geo Lat: 35.079912
Geo Lon: -106.585865
Area: 70 - Fairgrounds
Zone Atlas: K18
City/County Data
UPC Code: 101805703826232235
Subdivision: replat in works
General Property Description
# of Units: 115
5+ Units: Yes
Units for Sale: 115
Property Sub-Type: Other - See Remarks
Apx Structured SqFt: 101000
Lot Size Source: Plat
Acres: 3.37
Lot SqFt: 146802
Directions: From I-40 and San Mateo - north to property.
Stories: 5
Total Stories in Bldg: 10
Total # of Buildings: 1
Year Built: 1979
Age: 41 - 50
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4541.8
Tax Exemption: Unknown
Basement
Basement: Yes
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 29
# Baths: 1
Style: Studio S
Approx. SqFt: 489
Actual Rent: 1031
Max Rent: 1031
Market Rent: 1031
# of Unit Types (2)
# of Units: 15
# Baths: 1
Style: Studio M
Approx. SqFt: 573
Actual Rent: 1087
Max Rent: 1087
Market Rent: 1087
# of Unit Types (3)
# of Units: 29
# Baths: 1
Style: Studio L
Approx. SqFt: 646
Actual Rent: 1074
Max Rent: 1074
Market Rent: 1074
# of Unit Types (4)
# of Units: 8
# of Bedrooms: 1
# Baths: 1
Style: 1/1S
Approx. SqFt: 537
Actual Rent: 1091
Max Rent: 1091
Market Rent: 1091
# of Unit Types (5)
# of Units: 10
# of Bedrooms: 1
# Baths: 1
Style: 1/1M
Approx. SqFt: 6888
Actual Rent: 1193
Max Rent: 1193
Market Rent: 1193
# of Unit Types (6)
# of Units: 14
# of Bedrooms: 1
# Baths: 1
Style: 1/1L
Approx. SqFt: 741
Actual Rent: 1322
Max Rent: 1322
Market Rent: 1322
# of Unit Types (7)
# of Units: 4
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 1204
Actual Rent: 2591
Max Rent: 2591
Market Rent: 2591
# of Unit Types (8)
# of Units: 6
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1546
Actual Rent: 2881
Max Rent: 2881
Market Rent: 2881
Unit Summary
Total Units: 115
Average Unit Size: 1210.01
Average Actual Rent: 1253.61
Annualized: 1729992
Total Actual Rent: 144166
Property Features
Construction: Masonry
Exterior Material: None
Build Description: Resale
Amenities: No Landscaping
Appliances included: None
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: None
Cooling: None
Flooring: Concrete
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Guest Parking
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash
Zoning: MX-L*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: September - 26 - 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.