1855 Girard Boulevard NE, Albuquerque, NM 87106 (MLS# 1039271) -

1855 Girard Boulevard NE, Albuquerque, NM 87106

$2,520,856

Property Type: Residential Income Square Footage: 21,240 Lot Size (sq. ft.): 25,700 Status: Closed

Current Price: $2,520,856 List Date: 8/05/2023 Last Modified: 10/30/2023

Overview

Description

Portfolio This once in a generation sale is the first offering for these communities in 18 years. The estate that holds title to these apartments has a preference for a portfolio sale, but is open to selling each apartment community individually. The Redwoods Each unit has spacious accommodations that includes a built a private patio or deck area, an in laundry area with washer/dryer hookups as well as a fireplace, two bedrooms and a jack/jill bathroom configuration. One unit has been converted into a one bedroom allowing for a small onsite office with a half bathroom. It appears this could easily be converted back into a two bedroom / two bathroom unit. It is only a short bike tide to the UNM Law School, UNM Hospital or main UNM/CNM Campus.

Listing Details MLS# 1039271

Status Change Info

Pending Date: 2023-08-11
Closing Date: 2023-10-30

Contract Information

List Price/SqFt: 118.68
Allowance/Concession: No

Location

Street #: 1855
Street Name: Girard
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 1755
MLS Area Major: 40 – UNM
Zone Atlas: H16

CityCounty Data

Subdivision Name: Netherwood Park Addition

General Property Description

# of Units: 20
5+ Units: Yes
Units for Sale: 20
Property Sub-Type: Multi-Family
Living Area: 21240
Lot Size Source: On-Line
Acres: 0.59
Lot SqFt: 25700.4
Directions: From I-40 and Carlisle, south on Carlisle, west on Indian School, north on Girard to the property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1983
Age: 31 – 40
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 19
# of Bedrooms: 2
# Baths: 1.5
Approx. SqFt: 1062
Actual Rent: 919
Max Rent: 1000
Market Rent: 1450

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: +office
Approx. SqFt: 1062
Actual Rent: 850
Max Rent: 850
Market Rent: 1275

Unit Summary

Total Units: 20
Average Unit Size: 1062
Average Actual Rent: 915.55
Annualized: 219732
Total Actual Rent: 18311

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101605922909731307

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 12509.12

Construction Materials

Brick: Yes
Brick Veneer: Yes
Frame: Yes

Amenities

Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other – See Remarks: Yes

Tenant Pays

Other – See Remarks: Yes

Income & Expenses

Annual Gross Income: 208842
Operating Expenses: 70195

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Natural Gas Connected: Yes
Phone 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

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Other – See Remarks: Yes

Parking

1 Space Per Unit: Yes

Roof

Positive Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other – See Remarks: Yes

Source

Broker Provided: Yes
Owner Provided: Yes

Zoning

R-MH*: Yes

Property Features

Construction Materials: Brick; Brick Veneer; Frame Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator Utilities: Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl Green Energy Generation: None Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: Other – See Remarks Owner Pays: Other – See Remarks Tenant Pays: Other – See Remarks Parking: 1 Space Per Unit Roof: Positive Pitched; Shingle Rental Info: Other – See Remarks Finance Considered: Cash; Conventional Source: Broker Provided; Owner Provided Zoning: R-MH*

Documents

Flyer & APOD ›

LO SO Letter to Buyers, Buyers Broker ›

Tax Levy Disclosure ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: October – 30 – 2023

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.