200 Hermosa Ne Drive, Albuquerque, NM 87108

$2,800,000
1
BA
11,369
SqFt
List Price
$2,800,000
MLS#
1019774
Property Type
Multifamily
Bathrooms
1
Sqft. of Residence
11,369
Lot Size
20,037
Region
UNM
Status
ACTIVE

Property Description

200 Hermosa is a mixed use property in Albuquerque's most notable cultural hub, Nob Hill. This property is a mix of 20 studios, 2 1-Bedroom, and 1 Commercial units. Total gross building area is 11,369 SF with most Studio units being 300 SF. The property has remained very occupied historically, and is in a highly desirable rental market. 200 Hermosa is a prime candidate for a new owner to add value by improving units and common areas/amenities. Majority of units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and use type. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.

Additional Information

County
Bernalillo
Acres
0.46
Interior Features
Skylights
Appliances
Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Range Hood
Cooling
Evaporative Cooling, Refrigerated, Window Unit(s)
Flooring
Carpet, Laminate
Heating
Baseboard
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
MX-T*

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway NM Prop.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.