2823 Richmond Drive NE

    Albuquerque, NM 87107
    • $669,723
    • STATUS: Active
    • ON SITE: 284 days
    • MLS #: 928375
    UPDATED: 62 min ago
    $669,723
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1987, demisable into two spaces (easily), but currently used as 21 office, three conference room, two kitchen large space with 32 onsite parking spaces, with potential for more off site and in adjoining properties.Its is located in an Opportunity Zone (for investors) and HUB zone (for users). If it would help your buyer, my seller is open to some short term seller financing for an immediate occupancy.I have analyzed the new opportunity zone legislation and it looks like it could improve the after tax IRR on this property by 0.5%.APOD shows 8.0% cap rate, 10% cash on case (page 3), floorplan is on page 12, virtual tour in document center.Offering price is $669,723 or $108/sf or lease at $15.20/sf FS.

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    IDX information © 2019 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 Silesha & Company | Keller Williams Realty. Data last updated: 2019-06-24T07:05:23.273.
    www.elitehomesinalbuquerque.com/homes/87435136

    2823 Richmond Drive NE Albuquerque, NM 87107

    • Price: $669,723
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 928375
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    Neighborhood:
    41 - Uptown
    County:
    Bernalillo
    Area:
    41 - Uptown
    Property Description
    Built in 1987, demisable into two spaces (easily), but currently used as 21 office, three conference room, two kitchen large space with 32 onsite parking spaces, with potential for more off site and in adjoining properties.Its is located in an Opportunity Zone (for investors) and HUB zone (for users). If it would help your buyer, my seller is open to some short term seller financing for an immediate occupancy.I have analyzed the new opportunity zone legislation and it looks like it could improve the after tax IRR on this property by 0.5%.APOD shows 8.0% cap rate, 10% cash on case (page 3), floorplan is on page 12, virtual tour in document center.Offering price is $669,723 or $108/sf or lease at $15.20/sf FS.
    Exterior Features

    Apx Lot Dim Front 100 Apx Lot Dim Side 200 Construction Frame Docks 0.00 Docks YN No Door Height 0 Exterior Material Stucco Parking Spaces 32.00 Total Stories 1.0

    Interior Features

    Heating 2+ Units HVAC Yes

    Property Features

    Annual Gross Income 89444.00 Annual Oper Expenses 35683.00 Apx Taxes 6122.94 Disability Access Unknown Docs Data Available Aerial MapTitle Policy Finance Considered CashConventional Land Ownership Land Owned Lease Information Other - See Remarks Lease Term Months 6 Location Business Center Lot Size Source On-Line Owner Broker YN No Percent Occupied 100.00 Property Sub Type Office Building(S) Tax Exemption No Trade Exchange Considered No Transaction Type Sale Utilities All City Zoning C-3

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 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 Silesha & Company | Keller Williams Realty. Data last updated: 2019-06-24T07:05:23.273.
     
    Silesha & Company | Keller Williams Realty
    6240 Riverside Plaza Lane NW Suite 100
    Albuquerque NM, 87120