2929 Monte Vista Boulevard NE
Albuquerque, NM 87106
MLS #909945

Multi-family
  • 7units
$1,631,824
Est. P&I payment: $6232.46/mo
2929 Monte Vista Boulevard NE, Albuquerque, NM 87106
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Description for 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106
Amazing building - like new construction - renovated ground up in 2010. You have hit the Trifecta for walk (90), bike (96) and transit (50) scores, scoring in the top 10% for each. Across the street from UNM and just south of the nob-hill gateway and Route 66.Seven (7) units total - two (2) retail spaces on ground floor, plus five (5) furnished apartments that can be live/work or vacation rental (property has 5 year history of master leased to vacation rental operator).3rd floor penthouse apartment has views 360 of the city and seating for 50!Mixed use property is exactly what the millennial generation is looking for.Measure of investment performance at list price of $1,631,824 include, price per unit of $233,118, $/sf of $301.07, GRM of 11.65, Cap Rate before reserves of 5
MLS #909945
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My Notes for MLS #909945

General Features

  • Property Type: C
  • Units for Sale: 7
  • Approx Structured SqFt: 5,420
  • Year Built: 1950
  • Total Number of Stories: 3
  • Total Number of Buildings: 1
  • Stories: 3
  • Property Sub-Type: 7 Units
  • 5+ Units: Yes
  • Age: 7 - 9
  • Number of Units: 7
  • Lot SqFt: 3,049
  • Zoning: CCR-1

Exterior Features

  • Exterior Material: None

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Style: Retail
  • Unit Type 1: Average SqFt: 1,600
  • Unit Type 2: Number of Units: 1
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Style: Retail
  • Unit Type 2: Average SqFt: 800
  • Unit Type 3: Number of Units: 1
  • Unit Type 3: Number Baths: 1
  • Unit Type 3: Average SqFt: 480
  • Unit Type 4: Number of Units: 2
  • Unit Type 4: Number Baths: 1
  • Unit Type 4: Average SqFt: 560
  • Unit Type 5: Number of Units: 1
  • Unit Type 5: Number Baths: 1
  • Unit Type 5: Average SqFt: 520
  • Unit Type 6: Number of Units: 1
  • Unit Type 6: Number of Bedrooms: 1
  • Unit Type 6: Number Baths: 1
  • Unit Type 6: Style: Penthouse
  • Unit Type 6: Average SqFt: 900
  • Unit Summary: Total Units: 7
  • Unit Summary: Average Unit Size: 774
  • Unit Summary: Average Actual Rent: 1,668
  • Unit Summary: Annualized: 140,100
  • Flooring: See Remarks

Utility Features

  • Amenities: Balconies/Deck,​No Landscaping,​Owners Unit
  • Appliances included: Refrigerator
  • Cooling: Refrigerated
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 2,839
  • List Price/SqFt: 301
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 3,000
  • Unit Type 1: Max Rent: 3,000
  • Unit Type 1: Market Rent: 3,000
  • Unit Type 2: Average Actual Rent: 2,000
  • Unit Type 2: Max Rent: 2,000
  • Unit Type 2: Market Rent: 2,000
  • Unit Type 3: Average Actual Rent: 950
  • Unit Type 3: Max Rent: 950
  • Unit Type 3: Market Rent: 950
  • Unit Type 4: Average Actual Rent: 1,225
  • Unit Type 4: Max Rent: 1,250
  • Unit Type 4: Market Rent: 1,250
  • Unit Type 5: Average Actual Rent: 1,100
  • Unit Type 5: Max Rent: 1,100
  • Unit Type 5: Market Rent: 1,100
  • Unit Type 6: Average Actual Rent: 2,175
  • Unit Type 6: Max Rent: 2,175
  • Unit Type 6: Market Rent: 2,175
  • Unit Summary: Total Actual Rent: 11,675
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Monte Vista Add

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Block

Location

 
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Directions to 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106
From I-25 and Central (Route 66) east past UNM, past Girard Blvd, left (north) on Richmond, left on Monte Vista to property
The listing information for 2929 Monte Vista Boulevard NE, Albuquerque, NM 87106 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/21/2018 at 11:23pm
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