Catylist ID: #29988700
Downtown Redevelopment with in place income
Multi-Family for Sale
|Catylist Listing ID:||29988700|
|Number of Units:||15 Units|
|Building Size (RSF):||10,701 SF|
|Gross Land Area:||14,004 SF|
|Unit Price:||$80,000 Per Unit|
|Property Use Type:||Investment|
|Building Name:||Sixth & Silver Studios/Suites|
|Gross Rent Multiplier:||9.93|
Overview / Comments
On behalf of the owners, NM Apartment Advisors Inc., is pleased to present a rare opportunity to acquire an assembled quarter block of downtown Albuquerque. This site and 15 unit community offers the trifecta in high walk score (93), bike score (77) and transit score (57), making it an ideal location for a millennial redevelopment.
Priceless zoning in the Downtown 2025 District allows heights up to 40 stories and fast track city approval.
Income producing until you are ready to replace the property.
Priced at 2015 appraisal.
Located in Downtown 2025 District, one block from historic Route 66, and embedded in Albuquerque's tallest buildings and 25,000 jobs.
Over 100 restaurants within a one mile radius, 9 new brew pubs, 8 new coffee shops, 2 grocery stores (new one opens in August), makes this an ideal location for a millennial friendly redevelopment.
Disclosure: Broker is owner in one portion of property.
Attachments & Media
|Zoning:||SU-3 - Special Center Zone|
|Total Number of Buildings:||5|
|Number of Stories:||2|
|Legal Description:||Lots 21, 22, 23 & 24, Block 25, NM Town Company Original Townsite|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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