3104 Monte Vista Blvd NE
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3104 Monte Vista Blvd NE
1,564 SF 100% Leased Office Building Albuquerque, NM 87106 £377,872 (£242/SF) 5.10% Net Initial Yield
Executive Summary
Introducing a charming 1936 California Bungalow Office, preserved to maintain its charm while accommodating modern business needs. This unique property features: • Architectural Integrity: Original bungalow design with a characteristic pitched & flat roof, wood floors, expansive windows that offer abundant natural light. • Functional Layout: 1,734 square feet of versatile office space, including a private office, several multi-purpose rooms and a conference room.. • Modern Amenities: Equipped with high-speed internet, updated electrical systems, and energy-efficient HVAC with central ducting to ensure a seamless work environment. • Prime Location: Situated in Nob Hill, with convenient access to major transportation routes, local amenities and minutes from the downtown courthouse.
Owner Financing Available.
Owner Financing Available.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£13,365
|
£8.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£13,365
|
£8.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£1,201
|
£0.77
|
| Net Operating Income |
£12,164
|
£7.78
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £13,365 |
| Annual Per SF | £8.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £13,365 |
| Annual Per SF | £8.55 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £1,201 |
| Annual Per SF | £0.77 |
| Net Operating Income | |
|---|---|
| Annual | £12,164 |
| Annual Per SF | £7.78 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,564 SF
Building Class
C
Year Built
1926
Price
£377,872
Price Per SF
£242
Net Initial Yield
5.10%
NOI
£19,271
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
782 SF
Building FAR
0.24
Lot Size
0.15 AC
Zoning
OR - MX-T Mixed Use Leaning more towards Commercial than Residential
Parking
5 Spaces (3.2 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 1-016-057-336327-1-03-12 | Improvements Assessment | £31,738 |
| Land Assessment | £14,292 | Total Assessment | £46,030 |
PROPERTY TAXES
Parcel Number
1-016-057-336327-1-03-12
Land Assessment
£14,292
Improvements Assessment
£31,738
Total Assessment
£46,030
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Presented by
Hunter Chase Realty, Inc.
3104 Monte Vista Blvd NE
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