8 Unit MultiFamily on 1 acre on Broadway

Multi-Family for Sale
Catylist Listing ID: 30761335
Property Subtypes: Mixed Use
Number of Units: 8 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1,500,000
Unit Price: $187,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 8 Unit MultiFamily 1 Acre- 213 Mountain NE
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

8 units in 4 parcels on 1 acre of land. On a nonconforming use certificate.

The large commercial space could be remodeled into 2 more single units.

Rents of current building can be improved to current market.

There are many attached pictures of each unit. See link section.

Unit 1 House detached - 2bd, 1 bth, (Approximation. on all units) 800 sq. ft. - $825.00
Unit 2 - House attached - 3 bd, 1 bthh, 1400 sq ft - $1425.00
Unit 3 - Commercial space - 2000+ sq ft - vacant
Unit 4 - 1.5 bd, 1 bth, 500+ sq ft - $750.00
Unit 5 - 1bd, 1 bth, 400 + sq ft - $700.00
Unit 6 - 1 bd, 1 bth, 400 + sq ft - $600.00
Basement - Studio, 1 bth, 400 sq ft. - $550.00
Casita - 1 bd, 1 bth, 450+ sq ft - $750.00

Laundry shared by unit 1

Heating and cooling differs per unit

NR-LM zoning but has a nonconforming use permit

Building is three phase

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405843326111606
Zoning: NR-LM - Non-residential: Light Manufacturing
Percent Occupied: 80%
Property Located Between: Mountain and Broadway-Northwest corner
Site Description: 1 acre of land-numerous buildings
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 2
Year Built: 1920
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: 3 seperate buildings, 1 basement, 1 acre of land, 1 asphalt parking lot
Parking Description: Ashphalt parking lot
Laundry: Shared
Heat Type: Other
Heat Source: Other
Fuel: Other
Air Conditioning: Other
Zoning Description: NR-LM Zoning has nonconforming use permit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 019 A COUNTY ADD L19X20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,214 123,542 313,715
Median Age: 34.68 36.26 35.65
Households: 5,749 53,360 129,559

Contact

Photograph of Listing Agent

Nikki Bronstorp

Coldwell Banker Legacy CARNM CIE Member
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