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

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.

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