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
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