117 Richmond SE, known as the Richmond Studios, belongs on the cover of any real estate coffee table picture book as the ideal example of modern design and millennial living with the mix of work and live spaces in one integrated community.Developed by Rembe Urban Design+Development, this 2006 built development, won the AIA Albuquerque 2007 Urban Design award.Building configuration is divided into 8 units ranging from 889 sf to 1,048 sf - two story, hardwood floors, clean, simple, modern lines. Rents range from $1,350 to $1.900 per suiteAt the ask price of $2,631,705 and an average rent of $1,531, the measure of investment performance include a GRM of 17.90, a CAP rate of 4.51%, a price per unit of $328,963, a price per square foot of $327.25, if rents were raised to market of $2
- Price:
- $2,631,705
- Bedrooms:
- 1
- Square Footage:
- 8,042
- Acreage:
- 0.13
- Year Built:
- 2006
- Listing ID #:
- 983163
- Street Address:
- 117 Richmond Dr SE
- City:
- Albuquerque
- State:
- New Mexico
- Postal Code:
- 87106
- County:
- Bernalillo
- Community:
- 42 - Unm South
- Subdivision:
- University Heights Add
- Listing Status:
- Active
- Approximate Total Liveable Area:
- 8042
- Builder:
- Rembe
- Building Condition:
- Resale
- Construction Description:
- Frame
- Flooring:
- Wood
- Number Of Units:
- 8
- Stories:
- 2
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 8042
- Year Built:
- 2006
- Approximate Lot Size Range Source:
- Public Records
- Lot Square Footage:
- 5793
- Zoning Description:
- Mx-M*
- Originating Mls:
- Swmls
- Terms:
- Cash, Conventional
- Tenant Pays:
- Other, See Remarks
- Appliances:
- Refrigerator
- Cooling System:
- Refrigerated
- Has Central Air Conditioning:
- 1
- Heating:
- Central, Forced Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing provided by Nm Apartment Advisors
