Homes by Carolyn Fischman

200 Rio Grande Boulevard SW, Albuquerque, NM 87104 (MLS# 821407)

200 Rio Grande Boulevard SW, Albuquerque, NM 87104

$2,450,000
Property Type: Residential Income Square Footage: 18,150 Lot Size (sq. ft.): 30,928 Status: Closed
Current Price: $2,450,000 List Date: 8/05/2014 Last Modified: 2/10/2019

Overview

Description

Tour - 4/9/2015 @ 4pm, Offer deadline 4/28/2015 @ 5pm Originally built by well known and admired custom home builder, HL Cleff, the property was destroyed by a fire in the mid 2000s. Purchased by local developer, John Mahoney who completed renovations in 2014, the property shines with quality upgrades from edge to edge. Currently in lease-up phase, the property is expected to offer a new investor full occupancy by this fall with an average rent of $1.18/sf or $1,198 per month. The property’s new condition, sub metered utilities and great location should all lead to an easier than average property to maintain.

Listing Details MLS# 821407

Status Change Info

Pending Date
2015-08-27
Closing Date
2015-09-30

Contract Information

List Price/SqFt
134.99

Location

Street #
200
Street Name
Rio Grande
St Suffix
Boulevard
Post Direction
SW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87104
Zip +4
1455
MLS Area Major
80 - Downtown Area
Zone Atlas
J13

CityCounty Data

Subdivision Name
Shell 01

General Property Description

# of Units
18
5+ Units
Yes
Units for Sale
18
Property Sub-Type
Multi-Family
Living Area
18150
SqFt Source
Floorplan
Lot Size Source
On-Line
Acres
0.71
Lot SqFt
30928
Directions
From I-40 and & I-25 west on I-40 to Rio Grande Blvd, south past Mountain stop light, past Central stop light, property is on east side of street.
Stories
2
Total # of Buildings
2
Year Built
1980
Age
1 - 3
Disability Access
Yes
LBP Disclosure
No
Builder
HL Cleff / Mahoney
Owner Occupant Unit
Yes
Multiple Lots
One

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
17
# of Bedrooms
Yes
# Baths
Yes
Style
Townhouse
Approx. SqFt
1000
Actual Rent
1195
Max Rent
1195
Market Rent
1250

# of Unit Types (2)

# of Units
Yes
# of Bedrooms
2
# Baths
Yes
Style
Townhouse
Approx. SqFt
1150
Actual Rent
1195
Max Rent
1195
Market Rent
1250

Unit Summary

Total Units
18
Average Unit Size
1008.33
Average Actual Rent
1195
Annualized
258120
Total Actual Rent
21510

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101305810625031416

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
4652

Construction Materials

Adobe
Yes
Frame
Yes
Stucco
Yes

Amenities

Skylights
Yes

Cooling

Refrigerated
Yes

Flooring

Brick
Yes

Heating

Heat Pump
Yes

Owner Pays

Maintenance
Yes
Sewer
Yes
Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Sewer
Yes
Water
Yes

Income & Expenses

Annual Gross Income
253401
Operating Expenses
91361

Appliances included

Dishwasher
Yes
Dryer
Yes
Refrigerator
Yes
Washer
Yes

Utilities

All City
Yes

Miscellaneous Info

No Sign
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes
Sub-Metering
Yes

Parking

1 Space Per Unit
Yes

Roof

Flat
Yes

Finance Considered

Conventional
Yes

Rental Info

Current Lse Agreemnt
Yes

Source

Broker Provided
Yes

Zoning

R-2
Yes

Property Features

Construction Materials: Adobe; Frame; Stucco Amenities: Skylights Appliances included: Dishwasher; Dryer; Refrigerator; Washer Utilities: All City Heating: Heat Pump Cooling: Refrigerated Flooring: Brick Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas; Sub-Metering Owner Pays: Maintenance; Sewer; Water Tenant Pays: Electric; Gas; Sewer; Water Parking: 1 Space Per Unit Roof: Flat Rental Info: Current Lse Agreemnt Finance Considered: Conventional Source: Broker Provided Zoning: R-2

Documents

Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 10 - 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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