Address
2211 Rio Grande Boulevard NW Albuquerque, NM
Price
$ 850,000
Property Attributes
  • MLS#909559
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaNear North Valley
  • NeighborhoodMrgcd Map 35
  • Zip87104
  • Style9 or More Units
  • Year Built1974
  • Taxes9500
  • Price$ 850,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage15196
  • Lot Size0.93 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Built in phases between 1966 to 1974, this apartment community is in DIRE need or renovation work and represents a value add opportunity or a complete scrape, take advantage of the new zoning (R-MH from R-3) and almost double the number of dwelling units on site.This property is not for a timid, inexperienced buyer, but rather an experienced, seasoned developer/operator. 2 of the 3 main apartment buildings have been vacated due to structural issues. Please review the document center with the flyer, APOD, property info (note disclosure of major structural issues) and bid process info.Embedded in the high barrier to entry submarket known as the North Valley, the property offers a rare opportunity to own an (almost) one acre site zoned for apartments. Houses in area up to $998

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/23/2018 Listed $850,000

General Features

Amenities Balconies/Deck, Laundry Community
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional
Number of Units 26.00
Rental Info Other - See Remarks
Stories 2.0
Subdivision Mrgcd Map 35
Tenant Pays Other - See Remarks
Zoning R-MH*

Interior Features

5+ Units Yes
Appliances Included None
Basement No
Cooling Some Units
Flooring Carpet, No Carpet, Tile
Heating Gas
Utilities All City

Exterior Features

Disability Access No
Exterior Material Stucco

Amenities

  • 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 87104

Price
AVG $520K
$850K
Taxes
AVG $5,519
$9,500
Visits
AVG 110
178
Year Built
AVG 1968
1974
Walkscore
AVG 47
47

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