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101 N Kansas Avenue, Roswell, NM 88201

$450,000
Property Type: Residential Income Square Footage: 18,800 Lot Size (sq. ft.): 38,768 Status: Closed
Current Price: $450,000 List Date: 7/07/2021 Last Modified: 7/31/2021

Description

On behalf of the owners, NM Apartment Advisors and Excalibur Realty & Investments are excited to bring to the market a rare opportunity to redevelop the Mid-Town Apartments in Roswell, NM, the UFO capital of the world and dairy capital of the southwest. This extreme value-add redevelopment is the perfect opportunity to rebuild from the ground up a desirable apartment community in an established and thriving neighborhood. The property is located along a central corridor in Roswell, just a few blocks from the New Mexico Military Institute, shops and restaurants, UFO tourism district, and so much more. An Albertson's grocery store and gas station are located across the street. The property contains spacious, well laid out units, many with central courtyards that provide an abundance o

More Information MLS# 995988

Status Change Info

Pending Date: 2021-07-16 Closing Date: 2021-07-30

Contract Information

Listing Price: 450000 Current Price: $450,000 List Price/SqFt: 23.94 Status: Closed Allowance/Concession: No Bank Owned: No

Location

Street #: 101 Direction: N Street Name: Kansas St Suffix: Avenue County: Chaves City/Town Code: Roswell State/Province: NM Zip Code: 88201 Geo Lat: 33.393296 Geo Lon: -104.534366 Area: 380 - Chavez Zone Atlas: NOZA

City/County Data

UPC Code: 4-135-062-212-024-000000 Subdivision: OVARDS Block: 2 Lot: 8 THRU:- Lot: 11 AND:- Lot: 12 S2 , , , , S: 5 T: 11S R: 24E BK:834 PG:667 WD

General Property Description

# of Units: 20 5+ Units: Yes Units for Sale: 20 Property Sub-Type: 9 or More Units Apx Structured SqFt: 18800 Lot Size Source: On-Line Acres: 0.89 Lot SqFt: 38768 Directions: ABQ to Roswell Stories: 1 Total Stories in Bldg: 1 Total # of Buildings: 1 Year Built: 1975 Year Built Exception: Unknown Age: 41 - 50 Disability Access: No LBP Disclosure: Yes Builder: Unknown Owner Occupant Unit: No Multiple Lots: One Flood Zone: X

Tax & Legal Info

GRT Code: 04-101 Current Taxes: 9254 Tax Exemption: No

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 4 # of Bedrooms: 1 # Baths: 1 Style: vacant Approx. SqFt: 800 Actual Rent: 713 Max Rent: 951 Market Rent: 951

# of Unit Types (2)

# of Units: 10 # of Bedrooms: 2 # Baths: 2 Style: vacant Approx. SqFt: 900 Actual Rent: 856 Max Rent: 1142 Market Rent: 1142

# of Unit Types (3)

# of Units: 6 # of Bedrooms: 3 # Baths: 2 Style: vacant Approx. SqFt: 1100 Actual Rent: 989 Max Rent: 1319 Market Rent: 1319

Unit Summary

Total Units: 20 Average Unit Size: 940 Average Actual Rent: 867.3 Annualized: 208152 Total Actual Rent: 17346

Property Features

Construction: Frame Exterior Material: Stucco Build Description: Resale Amenities: No Landscaping Appliances included: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Other - See Remarks Cooling: Other Flooring: Carpet Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Roof: Flat Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: R-3
Listing Office: NM Apartment Advisors, Inc.
Last Updated: July - 31 - 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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