421 Edith Boulevard SE, Albuquerque, NM 87102

$790,844

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Property Type: Residential Income Square Footage: 4,622 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $790,844 List Date: 10/19/2023 Last Modified: 11/12/2024

Overview

Description

The main, two story 4-plex is one of East Downtown's cherished historical properties featuring very well-preserved Victorian architecture and a true Widows Walk Roof. The building offers spacious and unique 1 bedroom apartments, as each apartment also provides a bonus room / office space beyond separate bedrooms and nice-sized living areas. Residents also love the raised ceilings, the great natural light through huge windows, the original casework, built-ins, fixtures, and the large plank wood floors. Looking for Value Add Opportunity? The 4-plex also offers an enormous unfinished attic space with vaulted ceilings that offers the next buyer the potential to dramatically expand 2nd floor units into 2-Story 2-3 Bedroom penthouse apartments with phenomenal panoramic views.

Listing Details MLS# 1043420

Status Change Info

Pending Date: 2024-07-31
Closing Date: 2024-11-12

Contract Information

List Price/SqFt: 171.1
Allowance/Concession: No

Location

Street #: 421
Street Name: Edith
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3576
MLS Area Major: 80 - Downtown Area
Zone Atlas: K14

CityCounty Data

Subdivision Name: Huning's Highland

General Property Description

# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: Multi-Family
Living Area: 4622
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098.4
Directions: From I-25 and Central west to Edith, south to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1935
Age: 81 - 99
# Parking Spaces: 2
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

More Information

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 6
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 579
Actual Rent: 790
Max Rent: 835
Market Rent: 1016

# of Unit Types (2)

# of Units: Yes
# Baths: Yes
Approx. SqFt: 1147
Actual Rent: 1395
Max Rent: 1500
Market Rent: 1500

Unit Summary

Total Units: 7
Average Unit Size: 660.14
Average Actual Rent: 876.42
Annualized: 73620
Total Actual Rent: 6135

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101405741923643603

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 2132.1

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Some Landscaping: Yes

Flooring

Wood: Yes

Heating

Central: Yes
Forced Air: Yes
Wall Unit: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 69996
Operating Expenses: 21803

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

Other - See Remarks: Yes

Operating Expenses

Other - See Remarks: Yes

Parking

Guest Parking: Yes

Roof

Flat: Yes
Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Source

Actual Record: Yes
Broker Provided: Yes
Owner Provided: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Wood Green Energy Generation: None Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Other - See Remarks Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Guest Parking Roof: Flat; Pitched; Shingle Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Source: Actual Record; Broker Provided; Owner Provided Zoning: R-ML*

Documents

Flyer & APOD ›

Lead Based Paint ›

Tax Levy Disclosure ›

LO SO Letter to Buyers, Buyers Broker ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: November - 12 - 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.