202 Quincy & 201 Manzano Street NE, Albuquerque, NM 87108

$1,146,500

Property Type: Residential Income Square Footage: 9,150 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $1,146,500 List Date: 6/25/2019 Last Modified: 3/09/2020

Overview

Description

NM Apartment Advisors and Metro Commercial Realty are excited to bring to to market this amazing well known and loved 13 unit community in the east nob-hill submarket. Located at 201 Manzano and 202 Quincy NE these buildings face Copper Avenue and are just a block or so from Dion's Pizza, Loyola's the National Dance Institute, New Mexico Music School, Media Arts Charter School, Antique Mall Row, and a short bike ride to the heart of Nob-Hill and UNM/CNM. This is a rare opportunity to own a Bernie Madrid built apartment community. Mr. Madrid was a well known apartment developer in the 1970s-1980s who has left his distinctive imprint in the style, design, logo and name of his communities – including these two known as the Matador and Madrid apartments.

Listing Details MLS# 947848

Status Change Info

Pending Date: 2020-01-03
Closing Date: 2020-03-09

Contract Information

List Price/SqFt: 125.3
Allowance/Concession: No

Location

Street #: 202
Street Name: Quincy & 201 Manzano
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1300
MLS Area Major: 40 - UNM
Zone Atlas: K17

CityCounty Data

Subdivision Name: Hgts Reservoir Sub

General Property Description

# of Units: 13
5+ Units: Yes
Units for Sale: 13
Property Sub-Type: Multi-Family
Living Area: 9150
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.17
Lot SqFt: 7405.2
Directions: From I-40 and San Mateo, south to Copper, west to Manzano/Quincy and propety
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1971
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Madrid
Owner Occupant Unit: Yes
Multiple Lots: Two

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 2
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 820
Actual Rent: 745
Max Rent: 775
Market Rent: 775

# of Unit Types (2)

# of Units: 11
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 696
Actual Rent: 629
Max Rent: 745
Market Rent: 745

Unit Summary

Total Units: 13
Average Unit Size: 715.07
Average Actual Rent: 646.84
Annualized: 100908
Total Actual Rent: 8409

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101705744627110620

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5546

Construction Materials

Brick: Yes
Frame: Yes
Stucco: Yes

Amenities

Laundry Equip. Owned: Yes

Cooling

Other: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Other: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes

Electric Provider

Community: Yes

Electric

None: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Source

Actual Record: Yes

Zoning

MH: Yes

Property Features

Construction Materials: Brick; Frame; Stucco Build Description: Resale Amenities: Laundry Equip. Owned Appliances included: Refrigerator Utilities: Electricity Connected Heating: Other Cooling: Other Flooring: Carpet; Tile; Vinyl Electric Provider: Community Electric: None Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Source: Actual Record Zoning: MH

Documents

Lead Based Paint ›

Flyer, APOD, info ›

LO SO Letter to Buyer, Buyers Broker ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: March - 09 - 2020

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.