Historic Newlander Apartment House | For Sale

Multi-Family for Sale
Catylist Listing ID: 30388460
Number of Units: 5 Units
Building Size (RSF): 4,552 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $540,000
Unit Price: $108,000 Per Unit
Property Use Type: Investment
Building Name: Historic Newlander Apartment House
Sale Terms: Cash to Seller
Cap Rate: 6.34%
Last Updated: 6/3/2019

Overview / Comments

First time on the market since 2001!

The Newlander Apartments are a historic apartment building. Originally built circa 1910 as a single-family house and remodeled in 2002. The building is listed in the New Mexico State Register of Cultural Properties and the National Register of Historic Places.

This old Victorian building is modern apartment living. The amenities include updated kitchens with updated appliances and granite tile countertops, updated bath fixtures, refrigerated air, ceiling fans, heaters and water heaters. Each apartment enjoys high ceilings and its own private balcony. There are free laundry facilities in the basement for the residents. The property includes a security gate and landscaping. One parking space per unit plus a manager's parking space.

Please do not disturb the tenants. Property will be shown upon accepted written offer only.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405705429120210
Zoning: R-MH - Residential: Multi-family High Density
Percent Occupied: 100%
Community Amenities: Community Building, Restaurant(s)
Property Condition: Excellent
Number of Stories: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,965 113,172 284,908
Median Age: 35.64 34.34 34.56
Households: 6,673 46,210 114,593

Contact

Photograph of Listing Agent

Nicole Rhodes

Base 5 Retail Partners CARNM CIE Member
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