501 Girard (503 & 505 ) Boulevard SE, Albuquerque, NM 87106
$2,000,000
Property Type:
Residential Income
Square Footage:
9,240
Lot Size (sq. ft.):
20,473
Status:
Closed
Current Price:
$2,000,000
List Date:
5/18/2022
Last Modified:
9/02/2022
Description
''Please do not disturb tenants'' Offers subject to site visit. SEE ATTACHMENTS FOR APOD AND Proforma. Rare 10 year old TownHome Apartments in the Heart the Nob Hill District of Albuquerque NM. Close to Interstates, Courts, Hospitals, University of New Mexico, Legal Offices, Medical Offices, Etc. 1 Unit Handicap Accessible ( One Bedroom) 11 units 2 story One Bedroom, 2 units (2 Bedroom) 2 story. All but 2 tenants or on month to month occupancy so the value add is fantastic once Market Rent is achieved. Other areas available to increase the CAP from 4.85% to Value Add 7.0%.
More Information MLS# 1014948
Status Change Info
Pending Date: 2022-05-25
Closing Date: 2022-08-27
Contract Information
Listing Price: 2000000
Current Price: $2,000,000
List Price/SqFt: 216.45
Status: Closed
Bank Owned: No
Location
Street #: 501
Street Name: Girard (503 & 505 )
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Geo Lat: 35.073348
Geo Lon: -106.613686
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605724702030403
General Property Description
# of Units: 14
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 9240
Lot Size Source: On-Line
Acres: 0.47
Lot SqFt: 20473
Directions: From I-25, East on Coal to Girard, South to Property at the Corner of Garfield and Girard.
Stories: 2
Total # of Buildings: 3
Year Built: 2012
Age: 10 - 15
# Parking Spaces: 16
Disability Access: Yes
LBP Disclosure: No
Builder: Investor/Owner
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 10473.4
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 135120
Operating Expenses: 41000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 11
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 652
Actual Rent: 750
Max Rent: 925
Market Rent: 900
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 1063
Actual Rent: 1150
Max Rent: 1275
Market Rent: 1250
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 594
Actual Rent: 710
Max Rent: 925
Market Rent: 900
Unit Summary
Total Units: 14
Average Unit Size: 706.57
Average Actual Rent: 804.28
Annualized: 135120
Total Actual Rent: 11260
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Laundry Equip. Owned; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Disposal; Dryer; Frestnd Elec Stv/Ovn; Range Hood; Refrigerator; Washer
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Central Air; Refrigerated
Flooring: Carpet; Concrete
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Master Electric; Master Gas
Operating Expenses: Other - See Remarks
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit
Roof: Metal
Rental Info: Month To Month
Finance Considered: Cash; Conventional
Source: Owner Provided
Zoning: R-MH*
Listing Office: Berkshire Hathaway NM Prop
Last Updated: September - 02 - 2022
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.