LOT SIZE 0.490 acres
MLS#1072123
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONAtlantic Pacific
Property Description
The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open
Property Features
Property Type: Land - Residential
Lot Size: 0.49 Acres
Taxes: $940
Feature Descriptions
Community Features: Curbs, Gutter(s)
Days on Site: 536
Parcel#: 101405723424533705
Sewer: Public Sewer
Topography: Level
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water: Community/Coop
Zoning: MX-H*
Local Schools
High School: Albuquerque
Middle School: Washington
Elementary School: Dolores Gonzales
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agent Name: Mae Cordova
Agent Phone: Primary: (505) 898-2700
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 3,577.29 per month $3,093.54 Principal & Interest $78.33 Property Tax $405.42 Homeowner's Insurance
517 1st Street Sw | MLS# 1072123
This land located at 517 1st Street Sw, Albuquerque, NM 87102 is currently listed for sale with an asking price of $1,390,000. The property has approximately 0.49 Acres. Search Albuquerque real estate on mcordova.cblegacy.com today.