200 PENNSYLVANIA Street NE, Albuquerque, NM 87108 (MLS# 1010548) -

200 PENNSYLVANIA Street NE, Albuquerque, NM 87108

$1,950,000

Property Type: Residential Income Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $1,950,000 List Date: 3/12/2022 Last Modified: 7/20/2025

Overview

Description

The property has many recent updates including new TPO roofs, brand new solar panels to cut utility costs, new exterior paint throughout, several of the units have been moderately updated, and new w/d machines. The 30 door, investment property that sits in a convenient location with many long-term tenants is ready for its new owner. Upgrade the units and increase the rents to create additional cashflow!

Listing Details MLS# 1010548

Status Change Info

Pending Date: 2022-03-23
Closing Date: 2022-05-27

Contract Information

Allowance/Concession: No

Location

Street #: 200
Street Name: PENNSYLVANIA
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
MLS Area Major: 70 – Fairgrounds
Zone Atlas: K19

General Property Description

# of Units: 30
5+ Units: Yes
Property Sub-Type: Multi-Family
SqFt Source: Per Appraisal
Lot Size Source: Survey
Acres: 0.07
Lot SqFt: 3049.2
Directions: Take I-40 South on Louisiana, east on Central, North on Pennsylvania.
Stories: 2
Total # of Buildings: 2
Year Built: 1973
Year Built Exception: Unknown
Age: 41 – 50
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
# Baths: Yes
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 630
Market Rent: 600

Unit Summary

Total Units: 30
Average Unit Size: 400
Average Actual Rent: 500
Annualized: 180000
Total Actual Rent: 15000

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101905729332210116

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 7000

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Gated: Yes
Laundry Community: Yes
Outside Lights: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Tile: Yes

Heating

Wall Unit: Yes

Owner Pays

Some Utilities: Yes

Tenant Pays

Other – See Remarks: Yes

Income & Expenses

Annual Gross Income: 180000

Build Description

Resale: Yes

Appliances included

Convection Oven: 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

Irrigation Source

Other – See Remarks: Yes

Metering

All Master Metering: Yes

Operating Expenses

Insurance: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

1 Space Per Unit: Yes

Roof

TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Rental History Avail: Yes
Yearly Lease: Yes

Source

Other – See Remarks: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Gated; Laundry Community; Outside Lights Appliances included: Convection Oven; Free-Standing Gas Range; Refrigerator Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Tile Electric Provider: Public Utility Electric: None Irrigation Source: Other – See Remarks Metering: All Master Metering Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Some Utilities Tenant Pays: Other – See Remarks Parking: 1 Space Per Unit Roof: TPO (G) Rental Info: Rental History Avail; Yearly Lease Finance Considered: Cash; Conventional Source: Other – See Remarks Zoning: MX-M*

Documents

APOD ›

Listing Office: Rhino Realty Property Mgmt LLC

Last Updated: July – 20 – 2025

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.