1410 Girard Boulevard NE, Albuquerque, NM 87106
$2,887,604
Property Type:
Residential Income
Square Footage:
24,500
Lot Size (sq. ft.):
40,511
Status:
Closed
Current Price:
$2,887,604
List Date:
2/06/2016
Last Modified:
8/16/2017
Description
Rare opportunity to own perfect millennial housing in north campus location.
Located within walking distance to the UNM Legal and Medical campus as well as a Whole Foods.
48 fully furnished studio apartments + 2/1 unit were recently renovated and shows well.
$2,887,604, $58,931 per unit, $155/sf, 7.5% CAP rate, 10.2% cash on cash. Before tax IRR of 22.6%, after tax of 17.3%.
More Information MLS# 858349
Status Change Info
Pending Date: 2016-06-20
Closing Date: 2016-09-09
Contract Information
Listing Price: 2887604
Current Price: $2,887,604
List Price/SqFt: 117.86
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1410
Street Name: Girard
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 1855
Geo Lat: 35.098852
Geo Lon: -106.612717
Area: 40 - UNM
Zone Atlas: J16
City/County Data
UPC Code: 101605827428911812
Subdivision: Haines Tr Add
General Property Description
# of Units: 49
5+ Units: Yes
Units for Sale: 49
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 24500
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.93
Lot SqFt: 40510.8
Directions: From I-25 and I-40 east to Carlisle, south to Indian School, west to Girard, south to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1974
Age: 1 - 3
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 13984.52
Tax Exemption: No
Basement
Basement: Yes
Income & Expenses
Annual Gross Income: 337470
Operating Expenses: 121946
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 48
# Baths: 1
Approx. SqFt: 352
Actual Rent: 576
Max Rent: 595
Market Rent: 715
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1000
Actual Rent: 875
Max Rent: 875
Market Rent: 950
Unit Summary
Total Units: 49
Average Unit Size: 365.22
Average Actual Rent: 582.1
Annualized: 342276
Total Actual Rent: 28523
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: Gas Grill
Appliances included: Frestnd Elec Stv/Ovn; Microwave; Refrigerator
Utilities: All City
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Miscellaneous Info: All Furnished; No Sign
Metering: All Master Metering
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Guest Parking; Paved Lot
Roof: Flat
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Zoning: SU-1
Documents
Lead Based Paint ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: August - 16 - 2017
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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