1012 Central Avenue SW
Albuquerque, NM 87102

Description

Under LOI for 15 days! No showings/offers! Historic downtown apartment building, 15+ furnished units/rooms, common area kitchens and dining, 8 off-street parking spaces. Flexible new zoning, MX-L, effective 5/17/18, expands current use options. On ARTs track, Old US Route 66, high walk-ability and bike-ability scores for nearby parks, transportation hubs, restaurants, museums, Old Town & commercial center. Some renovations in 80s, new roof in 2016. Tenants kept up minor repairs. Ambiance/architecture suggests 1940s boarding house flavor. $9,000+/mo potential GSI as small apartments. Building vacant except for caretakers. Tenant used bldg. as hostel until recent lease termination. Building for sale or exchange, or triple-net lease. Steam radiators in all rooms

Details

MLS#917823
Sub-TypeResale
StatusActive
Year1930
Days On Site16

Features

SQ Feet8,500
Units15
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87102
Area80 - Downtown Area
Listing VS Median (in 87102)
Price:
$600,000
low | high
Med:
$229,000
100% of Average
SqFt:
8,500
low | high
Med:
1,054
100% of Average
$ / SqFt:
$71
low | high
Med:
$218
100% of Average
On Site:
16
low | high
Med:
141
11.347517730496% of Average
Nearby Listings (Within 1/2 mile)
Price: $450K - $750K
SqFt: 6,000 - 10,500
Listing Updated: 05/20/2018
MLS Number: 917823
Listing Provided By:
Joe W Shaw  of  Shaw Shaw Ltd. Realtors