200 Rio Grande Boulevard SW, Albuquerque, NM 87104
$2,450,000
Property Type:
Residential Income
Square Footage:
18,150
Lot Size (sq. ft.):
30,928
Status:
Closed
Current Price:
$2,450,000
List Date:
8/25/2015
Last Modified:
2/10/2019
Description
Tour - 4/9/2015 @ 4pm, Offer deadline 4/28/2015 @ 5pm
Originally built by well known and admired custom home builder, HL Cleff, the property was destroyed by a fire in the mid 2000s. Purchased by local developer, John Mahoney who completed renovations in 2014, the
property shines with quality upgrades from edge to edge.
Currently in lease-up phase, the property is expected to offer a new investor full
occupancy by this fall with an average rent of $1.18/sf or $1,198 per month. The property’s new condition, sub metered utilities and great location should all lead to an easier than average property to maintain.
More Information MLS# 821407
Status Change Info
Pending Date: 2015-08-27
Closing Date: 2015-09-30
Contract Information
Listing Price: 2450000
Current Price: $2,450,000
List Price/SqFt: 134.99
Status: Closed
Bank Owned: No
Location
Street #: 200
Street Name: Rio Grande
St Suffix: Boulevard
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87104
Zip +4: 1455
Geo Lat: 35.094141
Geo Lon: -106.671063
Area: 80 - Downtown Area
Zone Atlas: J13
City/County Data
UPC Code: 101305810625031416
Subdivision: Shell 01
General Property Description
# of Units: 18
5+ Units: Yes
Units for Sale: 18
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 18150
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.71
Lot SqFt: 30928
Directions: From I-40 and & I-25 west on I-40 to Rio Grande Blvd, south past Mountain stop light, past Central stop light, property is on east side of street.
Stories: 2
Total # of Buildings: 2
Year Built: 1980
Age: 1 - 3
Disability Access: Yes
LBP Disclosure: No
Builder: HL Cleff / Mahoney
Owner Occupant Unit: Yes
Multiple Lots: One
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4652
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 253401
Operating Expenses: 91361
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 17
# of Bedrooms: 1
# Baths: 1
Style: Townhouse
Approx. SqFt: 1000
Actual Rent: 1195
Max Rent: 1195
Market Rent: 1250
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: Townhouse
Approx. SqFt: 1150
Actual Rent: 1195
Max Rent: 1195
Market Rent: 1250
Unit Summary
Total Units: 18
Average Unit Size: 1008.33
Average Actual Rent: 1195
Annualized: 258120
Total Actual Rent: 21510
Property Features
Construction: Adobe; Frame
Exterior Material: Stucco
Amenities: Skylights
Appliances included: Dishwasher; Dryer; Refrigerator; Washer
Utilities: All City
Heating: Heat Pump
Cooling: Refrigerated
Flooring: Brick
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas; Sub-Metering
Owner Pays: Maintenance; Sewer; Water
Tenant Pays: Electric; Gas; Sewer; Water
Parking: 1 Space Per Unit
Roof: Flat
Rental Info: Current Lse Agreemnt
Finance Considered: Conventional
Source: Broker Provided
Zoning: R-2
Documents
APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 10 - 2019
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.