1855 Girard Boulevard NE, Albuquerque, NM 87106
$2,520,856
Property Type:
Residential Income
Square Footage:
21,240
Lot Size (sq. ft.):
25,700
Status:
Closed
Current Price:
$2,520,856
List Date:
8/05/2023
Last Modified:
10/30/2023
Description
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, but is open to selling each apartment community individually.
The Redwoods
Each unit has spacious accommodations that includes a built a private patio or deck area, an in laundry area with washer/dryer hookups as well as a fireplace, two bedrooms and a jack/jill bathroom configuration.
One unit has been converted into a one bedroom allowing for a small onsite office with a half bathroom. It appears this could easily be converted back into a two bedroom / two bathroom unit.
It is only a short bike tide to the UNM Law School, UNM Hospital or main UNM/CNM Campus.
More Information MLS# 1039271
Status Change Info
Pending Date: 2023-08-11
Closing Date: 2023-10-30
Contract Information
Listing Price: 2520856
Current Price: $2,520,856
List Price/SqFt: 118.68
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1855
Street Name: Girard
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 1755
Geo Lat: 35.104654
Geo Lon: -106.614222
Area: 40 - UNM
Zone Atlas: H16
City/County Data
UPC Code: 101605922909731307
Subdivision: Netherwood Park
Addition
General Property Description
# of Units: 20
5+ Units: Yes
Units for Sale: 20
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 21240
Lot Size Source: On-Line
Acres: 0.59
Lot SqFt: 25700.4
Directions: From I-40 and Carlisle, south on Carlisle, west on Indian School, north on Girard to the property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1983
Age: 31 - 40
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 12509.12
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 208842
Operating Expenses: 70195
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 19
# of Bedrooms: 2
# Baths: 1.5
Approx. SqFt: 1062
Actual Rent: 919
Max Rent: 1000
Market Rent: 1450
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: +office
Approx. SqFt: 1062
Actual Rent: 850
Max Rent: 850
Market Rent: 1275
Unit Summary
Total Units: 20
Average Unit Size: 1062
Average Actual Rent: 915.55
Annualized: 219732
Total Actual Rent: 18311
Property Features
Construction: Brick; Frame
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit
Roof: Positive Pitched; Shingle
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Source: Broker Provided; Owner Provided
Zoning: R-MH*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 30 - 2023
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