200 Hermosa is a mixed use property in Albuquerque's most notable cultural hub, Nob Hill. This property is a mix of 20 studios, 2 1-Bedroom,and 1 Commercial units. Total gross building area is 11,369 SF with most Studio units being 300 SF. The property has remained very occupied historically, andis in a highly desirable rental market. 200 Hermosa is a prime candidate for a new owner to add value by improving units and common areas/amenities. Majorityof units are accessed via interior common area hallways and feature exterior patios. Rents are 10%-50% under market value depending on the suite and usetype. This property is an absolute gem for a savvy investor ready to take it into its next phase of its lifecycle.
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