NM > Albuquerque > Huning'S Highland Addition
Albuquerque, NM 87102,421 Broadway BLVD SE
Albuquerque, NM 87102,421 Broadway BLVD SE
Albuquerque, NM 87102,421 Broadway BLVD SE
Albuquerque, NM 87102,421 Broadway BLVD SE
Albuquerque, NM 87102,421 Broadway BLVD SE
Albuquerque, NM 87102,421 Broadway BLVD SE
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MORE Realty

MORE Realty

+1(877) 344-6673
Listed by NM Apartment Advisors, Inc.
$ 1,335,236
Est. payment | /mo

1 Bath

9,250 SqFt

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$ 1,335,236
Est. payment | /mo
Save Virtual Tour

1 Bath

9,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,250 sqft

Price per Sqft $144

Subdivision Huning'S Highland Addition

MLS Listing ID 1063960

Construction Status Resale

HOA Y/N No

Year Built 1920

Annual Tax Amount $5,093

Lot Size 0.320 Acres

Acres 0.32

Lot Dimensions Public Records

Property Description

The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%.

Location

State NM

County Bernalillo

Area 80 - Downtown Area

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring Wood

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101405734225610104

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

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+1(877) 344-6673

info@morerealty.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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