3405 GIBSON Boulevard SE, Albuquerque, NM 87106
$2,320,000
Property Type:
Residential Income
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$2,320,000
List Date:
2/11/2023
Last Modified:
9/05/2023
Description
3405 Gibson Blvd SE, Vista Nueva Apartments, is a
multi-family residential complex located in Albuquerque,
NM. The property features 30 units which are all 2
bedroom apartments. The property provides off-street
parking. The location of the complex offers easy access
to local shopping, dining, and public transportation
options. Great rent comps in a high appreciating area.
About half of the units are newly renovated and the rents are lower than market, creating a attractive value-add deal where the current owners have done most of the heavy lifting.
More Information MLS# 1029517
Status Change Info
Pending Date: 2023-03-16
Closing Date: 2023-08-31
Contract Information
Listing Price: 2320000
Current Price: $2,320,000
Status: Closed
Bank Owned: No
Location
Street #: 3405
Street Name: GIBSON
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2472
Geo Lat: 35.058673
Geo Lon: -106.60831
Area: 42 - UNM South
Zone Atlas: L16
City/County Data
UPC Code: 101605640601540202
General Property Description
# of Units: 30
5+ Units: Yes
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 0.15
Lot SqFt: 6534
Directions: Corner of Gibson and Amherst
Stories: 1
Total # of Buildings: 3
Year Built: 1951
Age: 71 - 80
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1641.1
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 30
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 850
Max Rent: 1000
Market Rent: 950
Unit Summary
Total Units: 30
Average Unit Size: 800
Average Actual Rent: 850
Annualized: 306000
Total Actual Rent: 25500
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Security Gate; Some Landscaping
Appliances included: Fan/Hood; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Laminate; Tile
Electric Provider: Public Utility
Electric: None
Metering: Individual Electric; Individual Gas
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash Removal; Water
Parking: 1 Space Per Unit; Guest Parking
Roof: Pitched
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Zoning: MX-H*
Listing Office: Rhino Realty Property Mgmt LLC
Last Updated: September - 05 - 2023
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