3405 GIBSON Boulevard SE, Albuquerque, NM 87106 (MLS# 1029517)

Overview

Description

3405 Gibson Blvd SE, Vista Nueva Apartments, is a multi-family residential complex located in Albuquerque, NM. The property features 30 units which are all 2 bedroom apartments. The property provides off-street parking. The location of the complex offers easy access to local shopping, dining, and public transportation options. Great rent comps in a high appreciating area. About half of the units are newly renovated and the rents are lower than market, creating a attractive value-add deal where the current owners have done most of the heavy lifting.

Status Change Info

Pending Date: 2023-03-16
Closing Date: 2023-08-31

Location

Street #: 3405
Street Name: GIBSON
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2472
MLS Area Major: 42 - UNM South
Zone Atlas: L16

General Property Description

# of Units: 30
5+ Units: Yes
Property Sub-Type: Multi-Family
Lot Size Source: On-Line
Acres: 0.15
Lot SqFt: 6534
Directions: Corner of Gibson and Amherst
Stories: Yes
Total # of Buildings: 3
Year Built: 1951
Age: 71 - 80
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
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 800
Actual Rent: 850
Max Rent: 1000
Market Rent: 950

Unit Summary

Total Units: 30
Average Unit Size: 800
Average Actual Rent: 850
Annualized: 306000
Total Actual Rent: 25500

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101605640601540202

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 1641.1

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Gated: Yes
Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

None: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Trash Removal: Yes
Water: Yes

Build Description

Resale: Yes

Appliances included

Fan/Hood: 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

Metering

Individual Electric: Yes
Individual Gas: Yes

Parking

1 Space Per Unit: Yes
Guest Parking: Yes

Roof

Pitched: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Zoning

MX-H*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Gated; Some Landscaping Appliances included: Fan/Hood; Free-Standing Gas Range; Refrigerator Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Laminate; Tile Electric Provider: Public Utility Electric: None Metering: Individual Electric; Individual Gas Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash Removal; Water Parking: 1 Space Per Unit; Guest Parking Roof: Pitched Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: MX-H*