Catylist ID: #30737227
Extreme Value Add opportunity on UNM Campus
Multi-Family for Sale
|Catylist Listing ID:||30737227|
|Number of Units:||32 Units|
|Building Size (RSF):||15,139 SF|
|Gross Land Area:||0.48 Acres|
|Unit Price:||$20,250 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||15,139 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring back to market this rare opportunity to redevelop this building in the heart of the UNM Campus. Located just south of Golden Pride, a long block from the UNM Presidential house/ duck pond, and along former Greek row, 1801 Mesa Vista NE was a former Greek house dorm with 32 rooms and large public common spaces.
Whether you desire to renovate into a large house with a guest quarters, take on renting it as a residential dorm, scrape the site, or convert it to 26 high end units, the ask price of $648,000 or $42 per gross square foot is an Amazing foundation for its rebirth. This is well below the $1,400,000 as-is recent appraisal we have in the confidential document center. A contractor is available who can handle the renovation for $1,536,032 and the same appraisal indicated a renovated/leased up potential value of $3,900,000 leaving $1,715,968 of up side for you and your client!
22 page flyer at http://www.nmapartment.com/apt/NMAA-MesaVista1801NE.pdf
Register for the confidential documents and property tour at http://www.nmapartment.com/mesavisata
- Attend the property tour at noon on Monday, January 24th, 2022 (no other showing times are available, so please do not request one outside this time frame).
- Offer deadline at Noon on Wednesday, January 26th, 2022
Could this be your Corazon You(NM), (the heart of you and UNM)?
Do not miss out on this in a once in a generational opportunity to possess a site on the UNM Campus.
Todd Clarke CCIM CIPs
NM Apartment Advisors Inc.
Deacon Property Services, LLC
(505) 878-0100 Ext. 204
PS: Learn from industry experts why ABQ is undergoing double digit rent and value growth by reviewing the NMAA 2021 Forecast at http://www.nmapartment.com/zoomforecast2021
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-MH - Residential: Multi-family High Density|
|Number of Stories:||3|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
Kyle DeaconDeacon Property Services CARNM CIE Member
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