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FOUR DECADES LOCAL & FAMILY OWNED
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NM
Bernalillo
Albuquerque
Heights Reservoir Addition
87108
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NM
Bernalillo
Albuquerque
Heights Reservoir Addition
87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
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$5,349,113

419 Monroe Street NE, Albuquerque, NM, 87108

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39 Photos
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
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419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108
419 Monroe Street NE, Albuquerque, NM, 87108

Information

Price: $5,349,113
Days On Market: 93
Year Build: 1960
Square Footage: 33,000 Sq ft
Bedrooms: 1

Details

Address: 419 Monroe Street NE
County: Bernalillo
City: Albuquerque
Neighborhood: Heights Reservoir Addition
Zip: 87108
State: New Mexico

Taxes

Tax Amount: $21,118

Description

Zia at Nob-Hill's current ownership is on a runway towards achieving a 9.24% 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 (202o), 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 9.24%.CORE AssetMeasures of investment performance at the ask price of $5,349,113 and current average rents of $868 a month are a GRM of 10.27, a 5.75% cap

Location

Map

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Print Details
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Updated: 29th November, 2023 4:08 PM (UTC)
Listing Office: NM Apartment Advisors, Inc.

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Maddox & Co. REALTORS
O: (505) 764-0400
E: info@maddoxrealtors.com

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