This all studio 39 unit portfolio, has 8 units under renovation that should be finished in September. Located at 1409 Girard NE and 1440 Vassar NE and just north of UNM north campus (medical/law school) and next to the world famous Padilla's restaurant (arrive early!).Amenities include high speed internet, two laundry rooms and 3 furnished corporate style units. In addition to the 8 units under renovation, the owner has installed new boilers in 2015 and a new roof in 2018.The location is great if you need quick access to UNM, CNM, the Downtown Medical cluster, or Uptown's three main retail centers.This is a core asset with stabilized cash flows that could also be a value-add opportunity if an investment was made in upgraded finishes for the balance of the units.
- Price:
- $1,839,791
- Square Footage:
- 9,600
- Acreage:
- 0.40
- Year Built:
- 1972
- Listing ID #:
- 1024081
- Street Address:
- 1409 Girard Blvd NE
- City:
- Albuquerque
- State:
- New Mexico
- Postal Code:
- 87106
- County:
- Bernalillo
- Community:
- 40 - Unm
- Subdivision:
- Vista Larga
- Listing Status:
- Pending
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 9600
- Building Condition:
- Resale
- Construction Description:
- Frame
- Flooring:
- Carpet
- Number Of Floors In Unit:
- Two
- Number Of Units:
- 23
- Stories:
- 2
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 9600
- Unit Level:
- 999.00
- Year Built:
- 1972
- Year Built Description:
- 31 - 40
- Gross Income:
- 173159
- Operating Expense:
- 76570
- Approximate Lot Size Range Source:
- Public Records
- Lot Square Footage:
- 17424
- Zoning Description:
- P-R
- Community Features:
- Laundry Facilities, Pool
- Days On Market:
- 243
- On Market Date:
- 2022-10-08
- Originating Mls:
- Swmls
- Property Disclosures:
- Lead Based Paint Disclosure, Ranm2100disclosure
- Terms:
- Conventional
- Property Taxes:
- $5,459
- Appliances:
- Free-Standing Gas Range, Refrigerator
- Cooling System:
- Evaporative Cooling
- Has Central Air Conditioning:
- Yes
- Heating:
- Wall Furnace
- Utilities:
- Electricity Connected, Sewer Connected, Water Connected
- Unit 1 Description:
- Studio
- Unit 1 Monthly Rent:
- 650
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Type:
- Studio
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Todd D Clarke with NM Apartment Advisors
