7605 Bell Se, Albuquerque
$4,915,047 - 1 Beds, 1 Baths, 37,168 Sf
MLS® # 1044022
NM Apartment Advisors, Inc.
419 Monroe Street Ne, Albuquerque
$5,807,969
1 Beds
1 Baths
33,000 Sqft
1.23 Acres
0 Garages
Zia at Nob-Hill's current ownership is on a runway towards achieving a 8.15% cap rate with individual unit renovations and higher rents.The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (2020), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%.Property amenities included high speed internet and laundry care facilities. This is a core asset with stabilized cash flows that could also be
Essential Information
MLS® #1040505
Price$5,807,969
Bedrooms1
Bathrooms1.00
Square Footage33,000
Acres1.23
Year Built1960
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address419 Monroe Street Ne
Area40 - UNM
SubdivisionHeights Reservoir addition
CityAlbuquerque
CountyBernalillo
StateNM
Zip Code87108
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior
InteriorCarpet, Tile, Vinyl
AppliancesRefrigerator
HeatingCentral, Forced Air
CoolingEvaporative Cooling
# of Stories2
StoriesTwo
Exterior
Exterior FeaturesLandscaping
ConstructionBlock, Frame
Additional Information
Date ListedAugust 27th, 2023
Days on Market112
Listing Details
OfficeNM Apartment Advisors, Inc.
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Listing information last updated on May 19th, 2024 at 7:15am MDT.
