517 1st Street Sw Albuquerque, NM 87102

21,257 Sqft lot
0.49 Acre lot
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$1,390,000 Est. $5,118 / mo.*
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: 16029
Status: Active
Days on Website: 421

Courtesy of NM Apartment Advisors, Inc..

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 from 9/4 to 10/16

Open House

Property Details and Features

  • Curbs
  • Gutters
  • Ranm2100Disclosure
  • Listing ID: 1072123
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2024-10-08
  • 421 days on market
  • Subdivision: Atlantic & Pacific
  • MLS Area (Major): 80 - Downtown Area
  • County/Parish: Bernalillo
  • 0.49 acres
  • Topography: Level
  • ClosingAndFunding
  • Elementary School: Dolores Gonzales
  • Middle School: Washington
  • High School: Albuquerque
  • PublicSewer
  • Parcel Number: 101405723424533705
  • Public Survey Township: N/A
  • Annual Amount: $940.16
  • Tax Block: N/A
  • Legal Description: Lot C, Block A, Atlantic and Pacific Addition
  • Lot: N/A
  • Tract: N/A
  • Zoning description: MX-H*
  • ElectricityAvailable
  • NaturalGasAvailable
  • SewerAvailable
  • WaterAvailable
  • Water Source: CommunityCoop

Location

$1,390,000 - 517 1st Street Sw, Albuquerque, NM 87102
517 1st Street Sw Albuquerque, NM 87102
Subdivision: Atlantic & Pacific

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