FOR SALE1.23 ACRES
419 Monroe St NE
Albuquerque, NM 87108
Highland
1 Bed
1 Bath
33,000 sqft (on 1.23 acres)
- 1 Bed
- 1 Bath
- 33,000 sqft (on 1.23 acres)
1 Bed
1 Bath
33,000 sqft
(on 1.23 acres)
Local Information
© Google
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Commute Destination
Description
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
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$176
Listed
180+ days ago
Home Details for 419 Monroe St NE
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 1Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 33000 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: Central,Forced AirHas CoolingAir Conditioning: Evaporative CoolingHas HeatingHeating Fuel: Central |
Windows, Doors, Floors & Walls Flooring: Carpet, Tile, Vinyl |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Tile, Vinyl |
Exterior Features |
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Exterior Home Features Exterior: Landscaping |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Block, FrameNot a New ConstructionHas Additional Parcels |
Property Information Condition: ResaleParcel Number: 101705738541812504 |
Price & Status |
|---|
Price List Price: $5,807,969Price Per Sqft: $176 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: AlbuquerqueCommunity: Heights Reservoir addition |
Agent Information |
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Listing Agent Listing ID: 1040505 |
Building |
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Building Area Building Area: 33000 Square Feet |
Lot Information |
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Lot Area: 1.23 Acres |
Offer |
|---|
Listing Terms: Cash, Conventional |
Compensation |
|---|
Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Other, See Remarks |
Miscellaneous |
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Mls Number: 1040505Living Area Range Units: Square Feet |
Last check for updates: about 11 hours ago
Listing courtesy of Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc., (505) 440-8633
Kyle E Deacon, (505) 878-0100
Deacon Property Services, (505) 878-0100
Source: SWMLS, MLS#1040505
Price History for 419 Monroe St NE
| Date | Price | Event | Source |
|---|---|---|---|
| 03/09/2024 | $5,807,969 | PriceChange | SWMLS #1040505 |
| 10/07/2023 | $5,349,113 | Pending | SWMLS #1040505 |
| 08/27/2023 | $5,349,113 | Listed For Sale | SWMLS #1040505 |
| 09/13/2018 | -- | Sold | SWMLS #847327 |
| 05/03/2018 | $3,495,000 | Pending | Agent Provided |
| 01/16/2018 | $3,495,000 | PriceChange | Agent Provided |
| 07/26/2017 | $3,250,000 | PendingToActive | Agent Provided |
| 04/11/2017 | $3,250,000 | Pending | Agent Provided |
| 11/05/2016 | $3,250,000 | PriceChange | Agent Provided |
| 08/09/2015 | $3,110,000 | Listed For Sale | Agent Provided |
| 02/09/2004 | -- | Sold | N/A |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $10,559 |
| Assessment | $1,489,700 |
Home facts updated by county records
Comparable Sales for 419 Monroe St NE
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | - | 05/09/23 | 2 | 1 | 2,231 | |
0.73 | Multi-Family Home | - | 09/19/23 | 3 | 3 | 18,312 | |
0.62 | Multi-Family Home | - | 06/09/23 | 2 | 1 | 2,477 | |
0.29 | Multi-Family Home | - | 10/31/23 | 3 | 2 | 2,160 | |
0.06 | Multi-Family Home | - | 10/25/23 | 6 | 4 | 2,205 | |
0.11 | Multi-Family Home | - | 11/01/23 | 5 | 4 | 2,699 | |
0.26 | Multi-Family Home | - | 05/30/23 | 4 | 2 | 1,557 | |
0.20 | Multi-Family Home | - | 01/10/24 | 5 | 3 | 2,452 | |
0.46 | Multi-Family Home | - | 09/26/23 | 7 | 9 | 101,000 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Highland
- Edward &. N. C.
- Resident
- 4y ago
"Due to the university most of the people are renters. Because of the farmers market there does tend to be quite a bit of people walking to and from the store, however, miraculously I haven’t had a package stolen (knock on wood)! Overall it’s a good neighborhood and the neighbors that aren’t renters are super friendly."
- Malabq85
- Visitor
- 4y ago
"Don't see dog owners walking there dogs. There are no dog parks around ether. I would keep my dog in the house if I had to live on this side of town."
- Ericamorrow83
- Resident
- 4y ago
"Very close the airport which is convenient. Fairly close to i40 so not too bad Of a commute. Downtown is close to get to."
- Ericamorrow83
- Resident
- 5y ago
"There are many transients in the neighborhood that pour into the side streets from San Mateo and central. The further you are from this intersection the better"
- Erica m
- Resident
- 5y ago
"The school district is not great. There are quite a few transients. My car was stolen out of my driveway."
- Gbrittelle
- Resident
- 5y ago
"I've lived here for 4 years, and love it. It's quiet and peaceful, and a nice community to be apart of. "
- Cmlsco
- 9y ago
"This is a very quite friendly neighborhood, within walking and easy driving distance of many restaurants, shops, and entertainment spots. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Todd D Clarke, NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumer’s personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.