1014 Arno (1014 1/2) Street NE, Albuquerque, NM 87102
$175,000
Property Type:
Residential Income
Square Footage:
1,400
Lot Size (sq. ft.):
3,049
Status:
Closed
Current Price:
$175,000
List Date:
4/26/2023
Last Modified:
5/31/2023
Description
The residence contains three bedrooms + an office, two bathrooms and a long-term resident has just moved out making this ideal for a renovation/rehab buyer. Once renovated, market rent for the unit is closer to $1,500, but the major play on this property is the redevelopment opportunity and ability to add additional residential units. Based on a R-T zoning, and the ease of access to a street in 3 different directions, it seems likely the property could support an additional 4 units. The listing broker valued the extra land at $25,000 per unit and the main residence at $200,000 for a total price of $300,000, but the seller is motivated $175,000.
More Information MLS# 1017994
Status Change Info
Pending Date: 2023-05-17
Closing Date: 2023-05-31
Contract Information
Listing Price: 175000
Current Price: $175,000
List Price/SqFt: 125
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1014
Street Name: Arno (1014 1/2)
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 2406
Geo Lat: 35.092597
Geo Lon: -106.641234
Area: 80 - Downtown Area
Zone Atlas: J14
City/County Data
UPC Code: 101405848019043301
Subdivision: MRGCD Map 37
General Property Description
# of Units: 1
5+ Units: No
Units for Sale: 1
Property Sub-Type: House Plus Unit(s)
Apx Structured SqFt: 1400
SqFt Source: Professional
Lot Size Source: Survey
Acres: 0.07
Lot SqFt: 3049.2
Directions: From I-25 and Lomas west to Arno, north to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1936
Year Built Exception: Unknown
Age: 100+
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Four
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 913.46
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1300
Actual Rent: 600
Max Rent: 1200
Market Rent: 1500
Unit Summary
Total Units: 1
Average Unit Size: 1300
Average Actual Rent: 600
Annualized: 7200
Total Actual Rent: 600
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile
Electric Provider: Public Utility
Electric: None
Metering: Sub-Metering
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 2+Spaces Per Unit
Roof: Positive Pitched
Rental Info: Month To Month
Finance Considered: Cash; Conventional
Zoning: MX-L*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: May - 31 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.