Homes by Carolyn Fischman

1410 Girard Boulevard NE, Albuquerque, NM 87106 (MLS# 858349)

1410 Girard Boulevard NE, Albuquerque, NM 87106

$2,887,604
Property Type: Residential Income Square Footage: 24,500 Lot Size (sq. ft.): 40,511 Status: Closed
Current Price: $2,887,604 List Date: 2/05/2016 Last Modified: 8/16/2017

Overview

Description

Rare opportunity to own perfect millennial housing in north campus location. Located within walking distance to the UNM Legal and Medical campus as well as a Whole Foods. 48 fully furnished studio apartments + 2/1 unit were recently renovated and shows well. $2,887,604, $58,931 per unit, $155/sf, 7.5% CAP rate, 10.2% cash on cash. Before tax IRR of 22.6%, after tax of 17.3%.

Listing Details MLS# 858349

Status Change Info

Pending Date
2016-06-20
Closing Date
2016-09-09

Contract Information

List Price/SqFt
117.86
Allowance/Concession
No

Location

Street #
1410
Street Name
Girard
St Suffix
Boulevard
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87106
Zip +4
1855
MLS Area Major
40 - UNM
Zone Atlas
J16

CityCounty Data

Subdivision Name
Haines Tr Add

General Property Description

# of Units
49
5+ Units
Yes
Units for Sale
49
Property Sub-Type
Multi-Family
Living Area
24500
SqFt Source
Broker
Lot Size Source
On-Line
Acres
0.93
Lot SqFt
40510.8
Directions
From I-25 and I-40 east to Carlisle, south to Indian School, west to Girard, south to property
Stories
2
Total Stories in Bldg
2
Total # of Buildings
Yes
Year Built
1974
Age
1 - 3
Disability Access
No
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
Yes

Basement

Basement
Yes

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
48
# Baths
Yes
Approx. SqFt
352
Actual Rent
576
Max Rent
595
Market Rent
715

# of Unit Types (2)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
1000
Actual Rent
875
Max Rent
875
Market Rent
950

Unit Summary

Total Units
49
Average Unit Size
365.22
Average Actual Rent
582.1
Annualized
342276
Total Actual Rent
28523

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101605827428911812

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
13984.52

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Gas Grill
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Heating

Wall Unit
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Income & Expenses

Annual Gross Income
337470
Operating Expenses
121946

Appliances included

Free-Standing Electric Range
Yes
Microwave
Yes
Refrigerator
Yes

Utilities

All City
Yes

Miscellaneous Info

All Furnished
Yes
No Sign
Yes

Metering

All Master Metering
Yes

Operating Expenses

Other - See Remarks
Yes

Parking

Guest Parking
Yes
Paved
Yes

Roof

Flat
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Current Lse Agreemnt
Yes

Zoning

SU-1
Yes

Property Features

Construction Materials: Frame; Stucco Amenities: Gas Grill Appliances included: Free-Standing Electric Range; Microwave; Refrigerator Utilities: All City Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Vinyl Miscellaneous Info: All Furnished; No Sign Metering: All Master Metering Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Guest Parking; Paved Roof: Flat Rental Info: Current Lse Agreemnt Finance Considered: Cash; Conventional Zoning: SU-1
Listing Office: NM Apartment Advisors, Inc.
Last Updated: August - 16 - 2017
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.

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