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200 Hermosa Drive NE

Albuquerque, NM 87108
  • $2,800,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 1019729
UPDATED: 70 min ago
$2,800,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
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, 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.

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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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2022-08-10T10:04:51.537.
www.sandisells.com/homes/131296396
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200 Hermosa Drive NE Albuquerque, NM 87108

  • Price: $2,800,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 70 min ago
  • MLS #: 1019729
0
Beds
0
Baths
0
½ Baths
0.46
Acres
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, 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.
Exterior Features

Construction Materials FrameStucco Parking Total 18 Stories Total 2

Interior Features

Cooling Evaporative CoolingRefrigeratedWindow Unit(S) Cooling YN Yes Heating Baseboard Heating YN Yes

Property Features

Building Area Total 11369 Disclosures Ranm 2100 Disclosure Gross Income 166440 Insurance Expense 8599 Land Lease YN No Leasable Area 95 Lease Considered YN No Lease Term 12 Months Listing Agreement Exclusive Right To Sell Operating Expense 59884 Property Sub Type Mixed Use Tax Annual Amount 6118.68 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-T*

Southwest MLS] logo Listing courtesy of Berkshire Hathaway Nm Prop. © 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2022-08-10T10:04:51.537.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111