Multifamily For Sale

$898,300

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300 La Veta Drive NE

  • 1 bed
  • 1 bath
  • 6,048 sqft
  • 5,009 sqft lot
  • $148 per sqft
  • 1973 build
  • on site

Known as Nob Hill Square, and located at 300 La Veta NE this community is on the north east corner of Zia and La Veta and just a couple of blocks or so from Dion's Pizza, Loyola's Restaurant, the National Dance Institute, New Mexico Music School, Media Arts Charter School, Antique Mall Row, and a short bike ride to the heart of Nob-Hill and UNM/CNM.The owners have remodeled the property inside and have made over $115,000 in upgrades and improvements. These upgrades include a new roof, parking lot and gating the community. Although the property is 100% occupied, the owners have advanced the rents to market on 25% of the units (now $605 net of utilities) leaving the remaining 75% of the units to be brought to market, doing so increases the cap rate to 7.83%.

SWMLS logo Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Feb 24, 2021 • Source: SWMLS

MLS# 986324 —

Amenities & Taxes

The Building

Year Built:
1973
New Construction:
No
Construction Materials:
Frame
Builder Name:
Unknown
Stories:
2
Stories Total:
2
Flooring:
Carpet, Vinyl
Basement:
No
Number Of Units Total:
12
Building Area:
6,048 Sqft

Interior

Levels:
Two

Room Dimensions

Living Area:
6048

Location

Latitude:
35.079882
Longitude:
-106.583272
Directions:
From I-40 and San Mateo south to Copper, east to La Veta, south to property.

The Property

Zoning Description:
R-MH*
Lot Size Acres:
0.12
Lot Dimensions Source:
Public Records
Lot Size Source:
Public Records
Lot Size Square Feet:
5,009 Sqft
Property Type:
Residential Income
Property Condition:
Resale

Listing Agent

Contact info:

Taxes

Tax Annual Amount:
$3,234

Beds

Bedrooms Total:
1

Baths

Bathrooms Total:
1

Heating & Cooling

Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating:
Yes

Utilities

Electric:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Electric On Property:
No

Appliances

Appliances:
Refrigerator

The Community

Subdivision Name:
Tijeras Place Addition
Community Features:
Laundry Facilities

Schools

Rating Details
2

Highland High School

  • Public
  • 9-12
  • 0.6 mi
6

Zia Elementary School

  • Public
  • K-5
  • 0.7 mi
4

Jefferson Middle School

  • Public
  • 6-8
  • 1.8 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
2/23/21
Listed / Active SWMLS $898,300

Finding records…

No additional history available

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300 La Veta Drive NE
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