4801 GIBSON Boulevard SE, Albuquerque, NM 87108
$4,012,877
Property Type:
Residential Income
Square Footage:
29,010
Lot Size (sq. ft.):
40,075
Status:
Closed
Current Price:
$4,012,877
List Date:
6/29/2021
Last Modified:
9/30/2021
Description
Eight year old thirty unit apartment complex featuring large units, upscale architectural features such as arches, nichos and high ceilings, grass court yard and gated parking lots. The unit mix of ten one bedroom one bath units-768 square feet each, fourteen two bedroom two bath units-1056 square feet and six two bedroom two bath units-1086 square feet is a rarity in the Albuquerque area. All units have refrigerated air conditioning and hydronic heating. The property was completed in 2013 by an experienced apartment builder and has been in his portfolio since completion. The property is self managed and current rents are improvable. Rents are being increased as the units turn over. All units include washer and dryers. Kitchens include dishwasher, microwave and disposals.Walk score of 69,
Supplements: Transit score of 34. Bike score of 95. Offer/LOI subject to inspections. Please do not walk the property, contact tenants or otherwise trespass on the property without permission/accompaniment of Listing Broker.
More Information MLS# 995443
Status Change Info
Pending Date: 2021-07-02
Closing Date: 2021-09-30
Contract Information
Listing Price: 4012877
Current Price: $4,012,877
List Price/SqFt: 138.33
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 4801
Street Name: GIBSON
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4549
Geo Lat: 35.058488
Geo Lon: -106.590357
Area: 42 - UNM South
Zone Atlas: L17
City/County Data
UPC Code: 101705642501140301
General Property Description
# of Units: 30
5+ Units: Yes
Units for Sale: 30
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 29010
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.92
Lot SqFt: 40075.2
Directions: From Gibson and Carlisle SE, east on Gibson to property.
Stories: 3
Total # of Buildings: 2
Year Built: 2013
Age: 7 - 9
# Parking Spaces: 50
Disability Access: Yes
LBP Disclosure: No
Builder: Ron Paiz Construction
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 29056.36
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 323520
Operating Expenses: 68042
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 10
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 768
Actual Rent: 850
Max Rent: 1000
Market Rent: 1000
# of Unit Types (2)
# of Units: 14
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 1056
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100
# of Unit Types (3)
# of Units: 6
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 1086
Actual Rent: 1000
Max Rent: 1100
Market Rent: 1100
Unit Summary
Total Units: 30
Average Unit Size: 966
Average Actual Rent: 950
Annualized: 342000
Total Actual Rent: 28500
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Ceiling Fan(s); Private Patios; Security Gate; Some Landscaping; Sprinklers
Appliances included: Dishwasher; Dryer; Fan/Hood; Frestnd Elec Stv/Ovn; Microwave; Refrigerator; Washer
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Hot Water
Cooling: Refrigerated
Flooring: Carpet; Tile
Electric Provider: Public Utility
Electric: None
Metering: Individual Electric; Individual Gas
Operating Expenses: All
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit; Paved Lot
Roof: Tile
Rental Info: Current Lse Agreemnt; Month To Month
Finance Considered: Cash; Conventional
Source: Owner Provided
Zoning: R-ML*
Listing Office: ABQ Properties LLC
Last Updated: September - 30 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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