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About This Home
This land at 517 1st Street SW in Albuquerque, NM is listed for $1,390,000 (0.49 acres).
The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media
Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open
Key Features
- 0.49 acre lot
Location
517 1st Street SW
Albuquerque, NM 87102
Atlantic & Pacific
Questions & Answers
This 0-bedroom, 0-bathroom land at 517 1st Street SW is listed at $1,390,000. The estimated monthly payment is $6,023 based on 20% down at 6.5% interest.
Key features include: 0.49 acre lot.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
