Property Details

The property  contains two facing  buildings with a common courtyard and parking lot on one city lot.

 

Renovations

The owner has recently replaced the roofs and installed new heaters in the property.

 

Financing

The property has a fully assumable loan with an approximate balance of $238,000, 6.09% interest rate, and monthly P&I of $1,487 with a small assumption fee.

Submarket

Located just south of Intestate 40 between two busy thoroughfares, the subject property is located in the south end of the Uptown submarket, and just north and east of the University submarket. The Uptown Submarket is Albuquerque’s second largest central business district and is home to over 2.5M square feet of retail.

 

Neighborhood

The property is surrounded by single family residences as is a few hundred feet away from Alvarado Park.  Not common but certainly preferred, the property is in an area of mixed uses—cake shops, car repair shops, office and residential uses.