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200 Hermosa Drive NE

Albuquerque, NM 87108
  • $2,800,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 1025920
UPDATED: 24 min ago
$2,800,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

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, andis 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. Majorityof units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and usetype. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2022-11-27T20:04:52.017.
www.mynmdreamhome.com/homes/134834466
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200 Hermosa Drive NE Albuquerque, NM 87108

  • Price: $2,800,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 24 min ago
  • MLS #: 1025920
0
Beds
1
Baths
0
½ Baths
0.46
Acres
1977
Built
Neighborhood:
40 - UNM
County:
Bernalillo
Area:
40 - UNM
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, andis 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. Majorityof units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and usetype. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.
Exterior Features

Construction Materials Frame Exterior Features Patio Levels Three Or More Parking Total 18 Patio And Porch Features Patio Stories Total 3

Interior Features

Appliances DryerDishwasherFree-Standing Gas RangeMicrowaveRefrigeratorRange HoodWasher Basement YN No Cooling Evaporative CoolingRefrigerated Cooling YN Yes Electric None Flooring CarpetLaminate Heating Baseboard Heating YN Yes Interior Features Skylights Window Features Skylight(S)

Property Features

Builder Name Unknown Community Features Deck/PorchLaundry FacilitiesPatio Disclosures Ranm 2100 Disclosure Gross Income 193011.5 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 59413.42 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 6118.68 Tenant Pays Association Fees Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-T*

Southwest MLS] logo Listing courtesy of Resolut Re: (505) 377-0777. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2022-11-27T20:04:52.017.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109