Pending
421 Broadway Boulevard SE
Albuquerque NM, 87102
$1,335,236
$144.35 per sqft
Pending
1 Bath
9,250 sqft
Multi-family
Built in 1920
Courtesy of NM Apartment Advisors, Inc.
The Broadway Market Building, located at 421 Broadway SE, was built in the early 20th century and originally served as both a neighborhood retail anchor for the Huning Highlands area and one of the city's first live work communities. It housed a classic neighborhood grocery for over 60 years along with many other local shops and an ever vibrant, always fully-occupied apartment community above. In over a hundred years the property has had just two owners. Based on the current average rents of $891 per month, and ask price $1,335,236, the property's measures of investment performance include a 8.45 GRM, 6.97% cap rate before reserves, before tax IRR of 18.0% and an after-tax IRR of 14.3%.
1063960
MLSⓇ ID
May 27, 2024
Listed
October 27, 2024
Updated
Map
421 Broadway Boulevard SE
Albuquerque NM, 87102
Interior Features
Total Stories
2
Total Bathrooms
1
Appliances
Refrigerator
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Evaporative Cooling
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.32 Acres
Other Property Details
Area Name
80 - Downtown Area
Taxes
$5,093
Tax Frequency
Annually
Days on Market
65
Garage
No
View
No
County
Bernalillo
Pool
No
Green Building Features
Green Features
None
Listing History
Date | Event | Price |
---|---|---|
7/31/2024 | Pending | — |
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