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$5,807,969
332 Days Online

419 Monroe Street NE
Albuquerque, NM 87108

For Sale|Multi-Family|Active
Subdivision:
Heights Reservoir Addition
County:
Bernalillo

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505-721-0313
419 Monroe Street NE419 Monroe Street NE419 Monroe Street NE419 Monroe Street NE
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Zia at Nob-Hill's current ownership is on a runway towards achieving a 8.15% cap rate with individual unit renovations and higher rents.The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (2020), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%.Property amenities included high speed internet and laundry care facilities. This is a core asset with stabilized cash flows that could also be

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Listing Snapshot
Price 
$5,807,969
Days Online 
332 Days
Bedrooms 
1
Inside Area (SqFt) 
33,000 sqft
Total Baths 
1
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.23 Acres
Year Built 
1960
MLS® Number 
1040505
Status 
Active
Property Tax 
$21,118
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
5 months agoStatus changed to Active
5 months agoPrice changed to $5,807,969
10 months agoStatus changed to Pending
11 months agoListing first seen online
General Features
Number of Stories 
2
Acreage 
1.23
Zoning 
R-MH*
Property Sub Type 
Multi Family
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Interior Features
Cooling 
Evaporative Cooling
Heating 
CentralForced Air
Appliances 
Refrigerator
Flooring 
CarpetTileVinyl
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Exterior Features
Exterior 
Landscaping
Community Features
MLS Area 
40 - UNM
Listing courtesy of NM Apartment Advisors, Inc.



Listing information is provided by Participants of the Southwest MLS, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Southwest MLS, Inc..
Data last updated at: 2024-07-25 12:25 PM UTC

Neighborhood & Commute
Source: Walkscore
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