Homes by Carolyn Fischman

510 2nd Street NW, Albuquerque, NM 87102 (MLS# 906946)

510 2nd Street NW, Albuquerque, NM 87102

$1,495,000
Property Type: Residential Income Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $1,495,000 List Date: 12/01/2017 Last Modified: 6/29/2018

Overview

Description

Amazing value add opportunity to own a historic part of ABQ's skyline at a price under last appraisal (last appraisal was $1.7M, ask price is $1.495M) . Currently broken up into 18 spaces, but owner has plans for 15 more units - including pent house apartments on each floor of the tower. Property currently pending subject to inspections and financing. Owner is encouraging backup offers.

Listing Details MLS# 906946

Status Change Info

Pending Date
2017-12-04
Closing Date
2018-06-28

Contract Information

Allowance/Concession
No

Location

Street #
510
Street Name
2nd
St Suffix
Street
Post Direction
NW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87102
Zip +4
2200
MLS Area Major
80 - Downtown Area
Zone Atlas
J14

CityCounty Data

Subdivision Name
Armijo y Otero Add

General Property Description

# of Units
18
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
0.57
Lot SqFt
24829.2
Directions
From I-25/I-40 - south on I-25 to Central, west to 2nd street, north to property
Stories
5
Total # of Buildings
Yes
Year Built
1901
Age
1 - 3
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
Yes
Multiple Lots
Five

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
2
# Baths
Yes
Style
Studio
Approx. SqFt
650
Actual Rent
623
Max Rent
650
Market Rent
878

# of Unit Types (2)

# of Units
9
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
650
Actual Rent
803
Max Rent
895
Market Rent
878

# of Unit Types (3)

# of Units
4
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
738
Actual Rent
1136
Max Rent
1500
Market Rent
1500

# of Unit Types (4)

# of Units
Yes
# of Bedrooms
3
# Baths
Yes
Approx. SqFt
650
Actual Rent
1500
Max Rent
1500
Market Rent
1500

# of Unit Types (5)

# of Units
Yes
# Baths
Yes
Style
Retail Space
Approx. SqFt
8000
Max Rent
8000
Market Rent
8000

# of Unit Types (6)

# of Units
Yes
# Baths
Yes
Style
Office
Approx. SqFt
1425
Actual Rent
2000
Max Rent
2000
Market Rent
2300

Unit Summary

Total Units
18
Average Unit Size
1120.94
Average Actual Rent
917.61
Annualized
198204
Total Actual Rent
16517

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101405827222540201

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
14270.32

Construction Materials

Block
Yes
None
Yes

Amenities

Laundry Community
Yes

Cooling

Multi Units
Yes

Flooring

Concrete
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

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Call Listing Broker
Yes

Zoning

SU-2
Yes

Property Features

Construction Materials: Block; None Build Description: Resale Amenities: Laundry Community Appliances included: Refrigerator Utilities: All City Heating: 2+ Units Cooling: Multi Units Flooring: Concrete Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Zoning: SU-2
Listing Office: NM Apartment Advisors, Inc.
Last Updated: June - 29 - 2018
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.

Scroll to Top

Let's Connect!