1033 Madeira Drive SE, Albuquerque, NM 87108
$2,852,973
Property Type:
Residential Income
Square Footage:
28,290
Lot Size (sq. ft.):
37,505
Status:
Closed
Current Price:
$2,852,973
List Date:
3/18/2021
Last Modified:
10/07/2021
Description
Built by Cauwels-Davis in 1975, this 42 unit community was built for durability and function. Light bright units with concrete beamed ceilings and brick facades this is your grandmother's apartment in quality and vintage. Sister communities in the area have been converted into attractive condominiums.
The property is located at 1033 Madeira SE, in a corridor of new development from the Max-Q billion+ dollar development to the City of Albuquerque's north runway redevelopment to aviation business park to the new mixed use / food truck development and the planned new city parks and police command station. This property is surrounded by redevelopment / new development that will likely lead to increasing employment, population and demand for housing in the coming years.
More Information MLS# 981534
Status Change Info
Pending Date: 2021-04-13
Closing Date: 2021-10-07
Contract Information
Listing Price: 2852973
Current Price: $2,852,973
List Price/SqFt: 100.85
Status: Closed
Bank Owned: No
Location
Street #: 1033
Street Name: Madeira
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4632
Geo Lat: 35.064269
Geo Lon: -106.584488
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805605621832103
Subdivision: Virginia Place Addition Mansons Replat
General Property Description
# of Units: 42
5+ Units: Yes
Units for Sale: 42
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 28290
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.86
Lot SqFt: 37505.16
Directions: From I-25 & GIbson - east on Gibson to Madeira, north to property
Stories: 3
Total Stories in Bldg: 3
Total # of Buildings: 2
Year Built: 1964
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Cauwels & Davis
Owner Occupant Unit: No
Multiple Lots: Five
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 17304.46
Tax Exemption: Unknown
Basement
Basement: Yes
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 36
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 651
Actual Rent: 775
Max Rent: 757
Market Rent: 795
# of Unit Types (2)
# of Units: 6
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 810
Actual Rent: 823
Max Rent: 823
Market Rent: 895
Unit Summary
Total Units: 42
Average Unit Size: 673.71
Average Actual Rent: 781.85
Annualized: 394056
Total Actual Rent: 32838
Property Features
Construction: Brick; Masonry
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Some Landscaping; Swimming Pool
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Other - See Remarks
Cooling: Other
Flooring: Carpet; Tile; Vinyl
Electric Provider: Public Utility
Electric: None
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Other - See Remarks
Finance Considered: Other - See Remarks
Source: Actual Record; Broker Provided; Owner Provided
Zoning: R-MH*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 07 - 2021
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.