Homes by Carolyn Fischman

200 Hermosa Drive NE, Albuquerque, NM 87108 (MLS# 933102)

200 Hermosa Drive NE, Albuquerque, NM 87108

$1,335,114
Property Type: Residential Income Square Footage: 11,369 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $1,335,114 List Date: 11/27/2018 Last Modified: 9/05/2019

Overview

Description

This is the first time this property has been available since 1994. The property, 200 Hermosa NE, occupies a full block from Hermosa to Solano on the north side of Copper and has a high walk (91), bike (99), and transit (41) scores (note – the property is about 300' north of the new ART Stop). At the ask price of $1,355,114 and an average rent of $517, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.85%, a price per unit of $63,577, a price per square foot of $117.42 and a before tax IRR of 17.50%. If rents were raised to market of 658, the measure of investment performance improve to a cap rate of 8.08%, and a cash on cash of 10.71%. Owner is open to seller financing, with a down payment of no less than 25%, interest rate of 6%, a 30 year amort, 5

Listing Details MLS# 933102

Status Change Info

Pending Date
2019-01-16
Closing Date
2019-04-15

Contract Information

List Price/SqFt
117.43

Location

Street #
200
Street Name
Hermosa
St Suffix
Drive
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
1068
MLS Area Major
40 - UNM
Zone Atlas
K17

CityCounty Data

Subdivision Name
College View Add

General Property Description

# of Units
21
5+ Units
Yes
Units for Sale
21
Property Sub-Type
Multi-Family
Living Area
11369
SqFt Source
Professional
Lot Size Source
On-Line
Acres
0.46
Lot SqFt
20037.6
Directions
From I-40 and Carlisle, south on Carlisle, to Copper, east to property.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
2
Year Built
1977
Age
41 - 50
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
Three

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
19
# Baths
Yes
Style
Studio
Approx. SqFt
530
Actual Rent
496
Max Rent
500
Market Rent
625

# of Unit Types (2)

# of Units
2
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
650
Actual Rent
713
Max Rent
750
Market Rent
975

Unit Summary

Total Units
21
Average Unit Size
541.42
Average Actual Rent
516.66
Annualized
130200
Total Actual Rent
10850

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101705705327020224

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
5750.58

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Some Landscaping
Yes

Cooling

Multi Units
Yes

Flooring

Carpet
Yes

Heating

2+ Units
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

All City
Yes

Electric Provider

Community
Yes

Finance Considered

Cash
Yes
Conventional
Yes
Owner Financing
Yes

Rental Info

Other - See Remarks
Yes

Source

Broker Provided
Yes
Owner Provided
Yes

Zoning

MX-T*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator Utilities: All City Heating: 2+ Units Cooling: Multi Units Flooring: Carpet Electric Provider: Community Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; Owner Financing Source: Broker Provided; Owner Provided Zoning: MX-T*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: September - 05 - 2019
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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