4419 Fourth NW, Albuquerque, NM 87107
$9,340,000
Property Type:
Residential Income
Square Footage:
68,850
Lot Size (sq. ft.):
50,473
Status:
Closed
Current Price:
$9,340,000
List Date:
9/12/2018
Last Modified:
9/11/2019
Description
Sale of property was covered under confidentiality agreement - call listing broker for details on sales price/terms.
Located in the heart of the north valley along Albuquerque's original Route 66 and at 4419 Fourth NW, this brand new construction apartment community offers an amazing chance to own an investment property in an underserved sub-market.
Welcome to the future - the North Fourth Village apartments represent what Albuquerque's new IDO zoning allows - higher density, mixed use, gated parking and more.
More Information MLS# 928346
Status Change Info
Pending Date: 2019-06-28
Closing Date: 2019-09-11
Contract Information
Listing Price: 9340000
Current Price: $9,340,000
List Price/SqFt: 135.66
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 4419
Street Name: Fourth
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Geo Lat: 35.128109
Geo Lon: -106.643628
Area: 100 - North Valley
Zone Atlas: F14
City/County Data
UPC Code: 101406039542011407
General Property Description
# of Units: 75
5+ Units: Yes
Units for Sale: 75
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 68850
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 1.16
Lot SqFt: 50473
Directions: From I-40 and Fourth Street - north to property.
Stories: 4
Total Stories in Bldg: 4
Total # of Buildings: 1
Year Built: 2017
Year Built Exception: New Construction
Age: <1
# Parking Spaces: 83
Disability Access: Yes
LBP Disclosure: No
Builder: J & S Development
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 79875
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 755365
Operating Expenses: 263914
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 6
Style: Commercial
Approx. SqFt: 721
Actual Rent: 876
Max Rent: 1050
Market Rent: 1050
# of Unit Types (2)
# of Units: 8
# Baths: 1
Approx. SqFt: 425
Actual Rent: 745
Max Rent: 764
Market Rent: 764
# of Unit Types (3)
# of Units: 28
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 560
Actual Rent: 854
Max Rent: 904
Market Rent: 904
# of Unit Types (4)
# of Units: 33
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 877
Actual Rent: 944
Max Rent: 994
Market Rent: 994
Unit Summary
Total Units: 75
Average Unit Size: 697.96
Average Actual Rent: 883.73
Annualized: 795360
Total Actual Rent: 66280
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: New Construction
Amenities: Wshr/Dryr HU in Unit
Appliances included: Refrigerator
Utilities: All City
Heating: Electric
Cooling: Refrigerated
Flooring: Carpet; Tile; Vinyl
Electric Provider: Community
Miscellaneous Info: No Sign; Package
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Zoning: MX-M*
Flyer and property info ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: September - 11 - 2019
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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