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    117 Richmond Drive SE

    Albuquerque, NM 87106
    • $2,631,705
    • STATUS: Active
    • ON SITE: 107 days
    • MLS #: 983163
    UPDATED: 36 min ago
    $2,631,705
    • 1
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,042
      SQFT
    • $327
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2006
    County:

    School Ratings & Info

    Description

    117 Richmond SE, known as the Richmond Studios, belongs on the cover of any real estate coffee table picture book as the ideal example of modern design and millennial living with the mix of work and live spaces in one integrated community.Developed by Rembe Urban Design+Development, this 2006 built development, won the AIA Albuquerque 2007 Urban Design award.Building configuration is divided into 8 units ranging from 889 sf to 1,048 sf - two story, hardwood floors, clean, simple, modern lines. Rents range from $1,350 to $1.900 per suiteAt the ask price of $2,631,705 and an average rent of $1,531, the measure of investment performance include a GRM of 17.90, a CAP rate of 4.51%, a price per unit of $328,963, a price per square foot of $327.25, if rents were raised to market of $2

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    IDX information © 2021 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-04-18T07:04:58.293.
    www.sandisells.com/homes/112938305
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    117 Richmond Drive SE Albuquerque, NM 87106

    • Price: $2,631,705
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 983163
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    8,042
    SQFT
    $327
    $/SQFT
    2006
    Built
    Neighborhood:
    University Heights Add
    County:
    Bernalillo
    Area:
    42 - UNM South
    Property Description
    117 Richmond SE, known as the Richmond Studios, belongs on the cover of any real estate coffee table picture book as the ideal example of modern design and millennial living with the mix of work and live spaces in one integrated community.Developed by Rembe Urban Design+Development, this 2006 built development, won the AIA Albuquerque 2007 Urban Design award.Building configuration is divided into 8 units ranging from 889 sf to 1,048 sf - two story, hardwood floors, clean, simple, modern lines. Rents range from $1,350 to $1.900 per suiteAt the ask price of $2,631,705 and an average rent of $1,531, the measure of investment performance include a GRM of 17.90, a CAP rate of 4.51%, a price per unit of $328,963, a price per square foot of $327.25, if rents were raised to market of $2
    Exterior Features

    Construction Materials Frame Levels Two Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Refrigerated Cooling YN Yes Electric None Flooring Wood Heating CentralForced Air Heating YN Yes Laundry Features Washer HookupDryer HookupIn Unit

    Property Features

    Additional Parcels YN Yes Builder Name Rembe Building Area Total 8042 Community Features Deck/Porch Disclosures Principal is Real Estate LicensedRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 0 Tenant Pays OtherSee Remarks Utilities Municipal Utilities Zoning Description Mx-M*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-04-18T07:04:58.293.
     
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    Sandi Pressley Team | Coldwell Banker Legacy
    10400 Academy Rd NE Suite 100
    Alburquerque NM, 87111