1830 Vassar Drive NE, Albuquerque, NM 87106
$2,504,006
Property Type:
Residential Income
Square Footage:
13,456
Lot Size (sq. ft.):
18,295
Status:
Closed
Current Price:
$2,504,006
List Date:
8/05/2023
Last Modified:
2/05/2024
Description
The Diamonds
The Diamonds, named for its 4 uniform square footprints, that are turned 45 degrees on the 2nd floor contains 32 studio apartments with an amazing floorplan.
The Diamond apartments are a real diamond in the rough and rare opportunity to refresh one of only two (known), Bart Prince designed apartments buildings in Albuquerque.
While the exterior design reflects squares and diamonds and is rumored to be a bit of a sun-dial during the equinoxes, the interior floorplans for the studio units are one the most efficient and best designed for use while flooding the units with natural light.
Portfolio
This once in a generation sale is the first offering for these communities in 18 years. The estate that holds title to these apartments has a preference for a portfolio sale.
More Information MLS# 1039273
Status Change Info
Pending Date: 2023-08-11
Closing Date: 2023-10-30
Contract Information
Listing Price: 2504006
Current Price: $2,504,006
List Price/SqFt: 186.09
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1830
Street Name: Vassar
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2564
Geo Lat: 35.104589
Geo Lon: -106.614702
Area: 40 - UNM
Zone Atlas: H16
City/County Data
UPC Code: 101605921310531310
Subdivision: Lots 1 - 6, Block 21,Netherwood Park Addition.
General Property Description
# of Units: 32
5+ Units: Yes
Units for Sale: 32
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 13456
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.42
Lot SqFt: 18295
Directions: From I-40 and Carlisle, south on Carlisle, west on Indian School, north on Girard to west on Cutler to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 4
Year Built: 1973
Age: 41 - 50
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Five
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 8690
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 252124
Operating Expenses: 108144
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 32
# Baths: 1
Approx. SqFt: 421
Actual Rent: 691
Max Rent: 800
Market Rent: 895
Unit Summary
Total Units: 32
Average Unit Size: 421
Average Actual Rent: 691
Annualized: 265344
Total Actual Rent: 22112
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Master Electric; Master Gas
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit
Roof: Flat; Tar Gravel
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Zoning: R-MH*
Documents
LO SO Letter to Buyers, Buyers Broker ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 05 - 2024
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.