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4419 Fourth NW, Albuquerque, NM 87107 (MLS# 928346) - Buyer's Broker of New Mexico

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4419 Fourth NW, Albuquerque, NM 87107

$9,340,000
Property Type: Residential Income Square Footage: 68,850 Lot Size (sq. ft.): 50,473 Status: Closed
Current Price: $9,340,000 List Date: 9/12/2018 Last Modified: 9/11/2019

Description

Sale of property was covered under confidentiality agreement - call listing broker for details on sales price/terms. Located in the heart of the north valley along Albuquerque's original Route 66 and at 4419 Fourth NW, this brand new construction apartment community offers an amazing chance to own an investment property in an underserved sub-market. Welcome to the future - the North Fourth Village apartments represent what Albuquerque's new IDO zoning allows - higher density, mixed use, gated parking and more.

More Information MLS# 928346

Status Change Info

Pending Date: 2019-06-28 Closing Date: 2019-09-11

Contract Information

Listing Price: 9340000 Current Price: $9,340,000 List Price/SqFt: 135.66 Status: Closed Allowance/Concession: No Bank Owned: No

Location

Street #: 4419 Street Name: Fourth Post Direction: NW County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87107 Geo Lat: 35.128109 Geo Lon: -106.643628 Area: 100 - North Valley Zone Atlas: F14

City/County Data

UPC Code: 101406039542011407

General Property Description

# of Units: 75 5+ Units: Yes Units for Sale: 75 Property Sub-Type: 9 or More Units Apx Structured SqFt: 68850 SqFt Source: Professional Lot Size Source: On-Line Acres: 1.16 Lot SqFt: 50473 Directions: From I-40 and Fourth Street - north to property. Stories: 4 Total Stories in Bldg: 4 Total # of Buildings: 1 Year Built: 2017 Year Built Exception: New Construction Age: <1 # Parking Spaces: 83 Disability Access: Yes LBP Disclosure: No Builder: J & S Development Owner Occupant Unit: No

Tax & Legal Info

GRT Code: 02-100 Current Taxes: 79875 Tax Exemption: Unknown

Basement

Basement: No

Income & Expenses

Annual Gross Income: 755365 Operating Expenses: 263914

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 6 Style: Commercial Approx. SqFt: 721 Actual Rent: 876 Max Rent: 1050 Market Rent: 1050

# of Unit Types (2)

# of Units: 8 # Baths: 1 Approx. SqFt: 425 Actual Rent: 745 Max Rent: 764 Market Rent: 764

# of Unit Types (3)

# of Units: 28 # of Bedrooms: 1 # Baths: 1 Approx. SqFt: 560 Actual Rent: 854 Max Rent: 904 Market Rent: 904

# of Unit Types (4)

# of Units: 33 # of Bedrooms: 2 # Baths: 1 Approx. SqFt: 877 Actual Rent: 944 Max Rent: 994 Market Rent: 994

Unit Summary

Total Units: 75 Average Unit Size: 697.96 Average Actual Rent: 883.73 Annualized: 795360 Total Actual Rent: 66280

Property Features

Construction: Frame Exterior Material: Stucco Build Description: New Construction Amenities: Wshr/Dryr HU in Unit Appliances included: Refrigerator Utilities: All City Heating: Electric Cooling: Refrigerated Flooring: Carpet; Tile; Vinyl Electric Provider: Community Miscellaneous Info: No Sign; Package Metering: Individual Electric; Individual Gas Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: MX-M*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: September - 11 - 2019

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.