$2,631,705

117 Richmond Drive SE

Albuquerque NM, 87106

Description

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

Details

MLS#983163
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2006
Days On Site113

Features

Bed(s)1
Bath(s)1
SQ Feet8,042
Story(s)2
Acreage0.13
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Area Information
StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area42 - UNM South
Community NameUniversity Heights Add
Listing VS Median (in University Heights Add)
Price:
$2,631,705
low | high
Med:
$2,631,705
50% of Average
SqFt:
8,042
low | high
Med:
8,042
50% of Average
$ / SqFt:
$327
low | high
Med:
$327
50% of Average
On Site:
113
low | high
Med:
113
100% of Average
Sourced by Back At You
Listing Updated: April 22, 2021 11:20:46 AM PDT
Todd D Clarke LogoMLS Number: 983163
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Greater Albuquerque Association of REALTORS®.