2929 Monte Vista Boulevard NE
Albuquerque, NM 87106

$1,631,824

Description

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

Details

MLS#909945
Sub-TypeResale
StatusActive
Year1950
Days On Site120

Features

SQ Feet5,420
Units7
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area40 - UNM
Listing VS Median (in 87106)
Price:
$1,631,824
low | high
Med:
$315,000
100% of Average
SqFt:
5,420
low | high
Med:
1,400
100% of Average
$ / SqFt:
$301
low | high
Med:
$225
75.267675925835% of Average
On Site:
120
low | high
Med:
23
100% of Average
Nearby Listings (Within 1/2 mile)
Price: $1.223M - $2.39M
SqFt: 4,000 - 6,500
Listing Updated: 05/27/2018
MLS Number: 909945
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.