Bought with RE/MAX SELECT
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200 Hermosa DR NE Albuquerque, NM 87108
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,369 sqft
Price per Sqft $114
Subdivision College View Add
MLS Listing ID 933102
Sold Date 04/15/19
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $5,750
Lot Size 0.460 Acres
Acres 0.46
Lot Dimensions Public Records
Property Description
This is the first time this property has been available since 1994.The property, 200 Hermosa NE, occupies a full block from Hermosa to Solano on the north side of Copper and has a high walk (91), bike (99), and transit (41) scores (note - the property is about 300' north of the new ART Stop).At the ask price of $1,355,114 and an average rent of $517, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.85%, a price per unit of $63,577, a price per square foot of $117.42 and a before tax IRR of 17.50%.If rents were raised to market of 658, the measure of investment performance improve to a cap rate of 8.08%, and a cash on cash of 10.71%.Owner is open to seller financing, with a down payment of no less than 25%, interest rate of 6%, a 30 year amort, 5
Location
State NM
County Bernalillo
Area 40 - Unm
Interior
Heating Multiple Heating Units
Cooling 2 Units
Flooring Carpet
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Municipal Utilities
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101705705327020224
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Seller Financing
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