Homes by Carolyn Fischman

3405 GIBSON Boulevard SE, Albuquerque, NM 87106 (MLS# 1029517)

3405 GIBSON Boulevard SE, Albuquerque, NM 87106

$2,320,000
Property Type: Residential Income Lot Size (sq. ft.): 6,534 Status: Closed
Current Price: $2,320,000 List Date: 2/11/2023 Last Modified: 7/25/2024

Overview

Description

3405 Gibson Blvd SE, Vista Nueva Apartments, is a multi-family residential complex located in Albuquerque, NM. The property features 30 units which are all 2 bedroom apartments. The property provides off-street parking. The location of the complex offers easy access to local shopping, dining, and public transportation options. Great rent comps in a high appreciating area. About half of the units are newly renovated and the rents are lower than market, creating a attractive value-add deal where the current owners have done most of the heavy lifting.

Listing Details MLS# 1029517

Status Change Info

Pending Date
2023-03-16
Closing Date
2023-08-31

Location

Street #
3405
Street Name
GIBSON
St Suffix
Boulevard
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87106
Zip +4
2472
MLS Area Major
42 - UNM South
Zone Atlas
L16

General Property Description

# of Units
30
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
0.15
Lot SqFt
6534
Directions
Corner of Gibson and Amherst
Stories
Yes
Total # of Buildings
3
Year Built
1951
Age
71 - 80
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Flood Zone
X

Basement

Basement
No

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
30
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
800
Actual Rent
850
Max Rent
1000
Market Rent
950

Unit Summary

Total Units
30
Average Unit Size
800
Average Actual Rent
850
Annualized
306000
Total Actual Rent
25500

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101605640601540202

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
1641.1

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Gated
Yes
Some Landscaping
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Laminate
Yes
Tile
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

None
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Sewer
Yes
Trash Removal
Yes
Water
Yes

Build Description

Resale
Yes

Appliances included

Fan/Hood
Yes
Free-Standing Gas Range
Yes
Refrigerator
Yes

Utilities

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Electric Provider

Public Utility
Yes

Electric

None
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Parking

1 Space Per Unit
Yes
Guest Parking
Yes

Roof

Pitched
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Other - See Remarks
Yes

Zoning

MX-H*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Gated; Some Landscaping Appliances included: Fan/Hood; Free-Standing Gas Range; Refrigerator Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Laminate; Tile Electric Provider: Public Utility Electric: None Metering: Individual Electric; Individual Gas Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash Removal; Water Parking: 1 Space Per Unit; Guest Parking Roof: Pitched Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: MX-H*
Listing Office: Rhino Realty Property Mgmt LLC
Last Updated: July - 25 - 2024
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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