The Courtyards of Old Town
Multi-Family
for Sale
| Catylist Listing ID: |
30679921 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
5,048 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
10,650 SF
|
| Sale Price: |
$995,000 |
| Unit Price: |
$124,375 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
The Courtyards of Old Town |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Sale/Leaseback |
| Cap Rate: |
5.27% |
| Last Updated: |
1/15/2021 |
Overview / Comments
|
Charming southwestern style apartments nestled between downtown and Old Town Albuquerque. One block from Central arterial Historic Route 66 and ART System. Shopping, Brew Pubs, Theatre and small business epicenter. Tenants can live, work and play within a short radius. lengthy rental histories. Units share an enclosed common area in addition to semi-private courtyards. Master Water and Sewer, individual electric , gas, heating , evaporative cooling.
|
Additional Details
| Nearest MSA: |
Albuquerque |
| County: |
Bernalillo |
| Submarket/Township: |
Downtown |
| Taxing Authority: |
Bernalillo County |
| Tax ID/APN: |
101305830915542308 |
| Zoning: |
R-ML - Residential: Multi-family Low Density |
| Percent Occupied: |
90% |
| Property Located Between: |
Central Ave and Lomas Blvd NW |
| Airports: |
Albuquerque International Sunport |
| Site Description: |
Level, cul-de-sac, |
| Area Description: |
Small business access, public transportation, downtown redevelopment |
| Total Number of Buildings: |
2 |
| Property Condition: |
Good |
| Number of Stories: |
1 |
| Year Built: |
1934 |
| Year Renovated: |
2005 |
| Roof Type: |
Flat |
| Construction/Siding: |
Stucco |
| Exterior Description: |
Stucco and adobe, private and secure entry for several units |
| Parking Ratio: |
4 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
On street |
| Laundry: |
In Each Unit |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Wall Units |
| Fuel: |
Wood |
| Air Conditioning: |
Evaporative Cooler |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Interior Description: |
Adobe interiors, southwest style, also one building is an former neighborhood grocery store |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress |
| Easements Description: |
alley |
| Land Ownership: |
Fee Simple |
| Legal Description: |
Lt 1-A Blk 13 Plat of Lot 1-A Block No. 13 Perea Addition Cont.245 Ac |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,607 |
113,964 |
297,004 |
| Median Age: |
39.71 |
34.34 |
34.18 |
| Households: |
5,689 |
45,953 |
117,080 |
|
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