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 Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 113 |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 |
| SQ Feet | 8,042 |
| Story(s) | 2 |
| Acreage | 0.13 |
Request a showing
Request a showing
Contact
Learn More About This Property
| Area Information | |
|---|---|
| State | NM |
| County | Bernalillo |
| City | Albuquerque |
| Zip Code | 87106 |
| Area | 42 - UNM South |
| Community Name | University Heights Add |
| Listing VS Median (in University Heights Add) | |
Price: $2,631,705 low | high Med: $2,631,705 SqFt: 8,042 low | high Med: 8,042 $ / SqFt: $327 low | high Med: $327 On Site: 113 low | high Med: 113 Sourced by Back At You | |
MLS Number: 983163Listing Provided By:
Todd D Clarke of NM Apartment Advisors Inc.