Seller Financing
200 Hermosa Drive Albuquerque, NM
$ 1,335,114
Property Attributes
  • MLS#933102
  • TypeMulti-Family
  • CityAlbuquerque
  • AreaUNM
  • NeighborhoodCollege View Add
  • Zip87108
  • Style9 or More Units
  • Year Built1977
  • Taxes5750
  • Price$ 1,335,114
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage11369
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

This is the first time this property has been available since 1994.The property, 200 Hermosa NE, occupies a full block from Hermosa to Solano on the north side of Copper and has a high walk (91), bike (99), and transit (41) scores (note - the property is about 300' north of the new ART Stop).At the ask price of $1,355,114 and an average rent of $517, the measure of investment performance include a GRM of 10.25, a CAP rate of 5.85%, a price per unit of $63,577, a price per square foot of $117.42 and a before tax IRR of 17.50%.If rents were raised to market of 658, the measure of investment performance improve to a cap rate of 8.08%, and a cash on cash of 10.71%.Owner is open to seller financing, with a down payment of no less than 25%, interest rate of 6%, a 30 year amort, 5

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/27/2018 Listed $1,335,114

General Features

Age 41 - 50
Amenities Some Landscaping
Area 40 - UNM
Builder Unknown
Construction Frame
Days on Market 12
Finance Considered Cash, Conventional, Owner Financing
Legal Description Lots 1, 23 & 24, College View Addition
Number of Units 21.00
Property SubType 9 or More Units
Property Type C
Rental Info Other - See Remarks
Stories 2.0
Subdivision College View Add
Tenant Pays Other - See Remarks
Year Built 1977
Zoning MX-T*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling 2+Units
Flooring Carpet
Heating 2+ Units
Utilities All City

Exterior Features

Acres 0.46
Disability Access Unknown
Exterior Material Stucco


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87108

AVG $280K
AVG $2,101
AVG 59
Year Built
AVG 1960

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