8 Unit MultiFamily MX-M Zoning

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: $1,800,000
Unit Price: $225,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 8 Unit MultiFamily 1 Acre- 213 Mountain NE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/4/2021

Overview / Comments

1 acre of land can be used to build on! Looking for developer or investor who wants to build downtown investment property!

Rents of current building can be improved to current market.

All units are occupied are cannot be easily shown. I can show you exterior and the commercial space. There are many attached pictures of each unit.

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

MX-M zoning

Building is three phase

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405843326111606
Zoning: MX-M - Mixed-use: Moderate Intensity
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: MX-M Mixed use-Moderate Intensity
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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