2929 Monte Vista Boulevard NE Albuquerque, NM
$ 1,631,824
Property Attributes
  • MLS#909945
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaUNM
  • NeighborhoodMonte Vista Add
  • Zip87106
  • Style7 Units
  • Year Built1950
  • Taxes2839
  • Price$ 1,631,824
  • Bedrooms0
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5420
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Amazing building - like new construction - renovated ground up in 2010. You have hit the Trifecta for walk (90), bike (96) and transit (50) scores, scoring in the top 10% for each. Across the street from UNM and just south of the nob-hill gateway and Route 66.Seven (7) units total - two (2) retail spaces on ground floor, plus five (5) furnished apartments that can be live/work or vacation rental (property has 5 year history of master leased to vacation rental operator).3rd floor penthouse apartment has views 360 of the city and seating for 50!Mixed use property is exactly what the millennial generation is looking for.Measure of investment performance at list price of $1,631,824 include, price per unit of $233,118, $/sf of $301.07, GRM of 11.65, Cap Rate before reserves of 5

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/29/2018 Listed $1,631,824

General Features

Amenities Balconies/Deck, No Landscaping, Owners Unit
Builder Unknown
Construction Block
Finance Considered Cash, Conventional
Number of Units 7.00
Rental Info Other - See Remarks
Stories 3.0
Subdivision Monte Vista Add
Tenant Pays Other - See Remarks
Zoning MX-M*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Refrigerated
Flooring See Remarks
Heating Gas
Utilities All City

Exterior Features

Disability Access Unknown
Exterior Material None


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87106

AVG $460K
AVG $2,315
AVG 44
Year Built
AVG 1946
AVG 90

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