Address
117 Richmond Drive SE Albuquerque, NM
Price
$ 2,631,705
Property Attributes
- MLS#983163
- TypeMulti-Family
- CountyBERNALILLO
- CityAlbuquerque
- AreaUNM South
- NeighborhoodUniversity Heights Add
- Zip87106
- StyleMulti Family
- Price$ 2,631,705
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage8042
- Lot Size5,663 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
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
| Price History | |
|---|---|
| 12/31/2020 | Listed $2,631,705 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Appliances | Refrigerator |
| Construction Materials | Frame |
| Cooling | Refrigerated |
| Electric | None |
| Exterior Features | Balcony, Deck |
| Flooring | Wood |
| Heating | Central, Forced Air |
| MLS Area | 42 - UNM South |
| Patio/Porch Features | Balcony, Deck |
| Property SubType | Multi Family |
| Property Type | Residential Income |
| PropertyCondition | Resale |
| Stories | 2 |
| Subdivision Name | University Heights Add |
| Terms | Cash, Conventional |
| Total Units | 8 |
| Utilities | Municipal Utilities |
| Zoning Description | MX-M* |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Laundry Features | Washer Hookup |
| Living Area | 8042 |
| Total Baths | 1 |
| Total Bedrooms | 1 |
Exterior Features
| Lot Size Acres | 0.13 |
|---|---|
| Lot Size Source | Public Records |
| Lot Size Square Feet | 5793 |
| Number of Buildings | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 87106
Price
Visits
Year Built
Walkscore
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 ROC Real Estate Partners . Data last updated: January 27, 2021 5:31 PM UTC
