421 Edith Boulevard SE, Albuquerque, NM 87102
$790,844
Property Type:
Residential Income
Square Footage:
4,622
Lot Size (sq. ft.):
6,098
Status:
Pending
Current Price:
$790,844
List Date:
10/19/2023
Last Modified:
4/10/2024
Description
The main, two story 4-plex is one of East Downtown's cherished historical properties featuring very well-preserved Victorian architecture and a true Widows Walk Roof. The building offers spacious and unique 1 bedroom apartments, as each apartment also provides a bonus room / office space beyond separate bedrooms and nice-sized living areas. Residents also love the raised ceilings, the great natural light through huge windows, the original casework, built-ins, fixtures, and the large plank wood floors.
Looking for Value Add Opportunity? The 4-plex also offers an enormous unfinished attic space with vaulted ceilings that offers the next buyer the potential to dramatically expand 2nd floor units into 2-Story 2-3 Bedroom penthouse apartments with phenomenal panoramic views.
More Information MLS# 1043420
Status Change Info
Pending Date: 2024-04-10
Contract Information
Listing Price: 790844
Current Price: $790,844
List Price/SqFt: 171.1
Status: Pending
Allowance/Concession: No
Bank Owned: No
Location
Street #: 421
Street Name: Edith
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3576
Geo Lat: 35.079593
Geo Lon: -106.643237
Area: 80 - Downtown Area
Zone Atlas: K14
City/County Data
UPC Code: 101405741923643603
Subdivision: Huning's Highland
General Property Description
# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: 7 Units
Apx Structured SqFt: 4622
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098.4
Directions: From I-25 and Central west to Edith, south to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1935
Age: 81 - 99
# Parking Spaces: 2
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2132.1
Tax Exemption: No
Cooling
Centrally Ducted: Yes
Basement
Basement: No
Income & Expenses
Annual Gross Income: 69996
Operating Expenses: 21803
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 6
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 579
Actual Rent: 790
Max Rent: 835
Market Rent: 1016
# of Unit Types (2)
# of Units: 1
# Baths: 1
Approx. SqFt: 1147
Actual Rent: 1395
Max Rent: 1500
Market Rent: 1500
Unit Summary
Total Units: 7
Average Unit Size: 660.14
Average Actual Rent: 876.42
Annualized: 73620
Total Actual Rent: 6135
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Wall Unit
Cooling: Evaporative Cooling
Flooring: Wood
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Other - See Remarks
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Guest Parking
Roof: Flat; Pitched; Shingle
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Source: Actual Record; Broker Provided; Owner Provided
Zoning: R-ML*
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: April - 10 - 2024
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