1028 Alvarado Drive SE, Albuquerque, NM 87108
$1,250,000
Property Type:
Residential Income
Lot Size (sq. ft.):
16,117
Status:
Active
Current Price:
$1,250,000
List Date:
3/05/2024
Last Modified:
4/25/2024
Description
SELLER FINANCING:
5 year call, 5% interest, 30 year amortization, 15% down payment.
12 unit apartment complex for sale! This multifamily property is settled in one of Albuquerque's up and coming neighborhoods: South San Pedro. Significant investor activity has lead to improving properties all throughout the area which helps to increase rent and tenant basis. This property offers off-street tenant parking and backyards. Property consists of 8 rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and some newer wall heaters as well.
More Information MLS# 1058187
Contract Information
Listing Price: 1250000
Current Price: $1,250,000
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1028
Street Name: Alvarado
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1693
Geo Lat: 35.062484
Geo Lon: -106.581638
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805614015331714
General Property Description
# of Units: 12
5+ Units: Yes
Units for Sale: 12
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 0.37
Lot SqFt: 16117.2
Directions: Google maps.
Stories: 1
Total # of Buildings: 2
Year Built: 1955
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unkown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3600.78
Tax Exemption: Unknown
Cooling
Centrally Ducted: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 900
Market Rent: 625
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 600
Max Rent: 900
Market Rent: 825
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 650
Actual Rent: 850
Max Rent: 900
Market Rent: 825
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 700
Max Rent: 900
Market Rent: 825
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 900
Market Rent: 825
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 675
Max Rent: 900
Market Rent: 825
# of Unit Types (9)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825
# of Unit Types (10)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 500
Max Rent: 900
Market Rent: 825
# of Unit Types (11)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 625
Actual Rent: 650
Max Rent: 900
Market Rent: 825
# of Unit Types (12)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 600
Max Rent: 900
Market Rent: 825
Unit Summary
Total Units: 12
Average Unit Size: 647.91
Average Actual Rent: 645.83
Annualized: 93000
Total Actual Rent: 7750
Property Features
Construction: Brick; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Outside Lights; Some Landscaping
Appliances included: Fan/Hood; Refrigerator
Utilities: Electricity Available; Natural Gas Available; Sewer Connected; Water Available; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Tile
Green Energy Generation: None
Electric Provider: Public Utility
Owner Pays: Water
Tenant Pays: Electric; Gas; Water
Parking: 1 Space Per Unit
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; Owner Financing
Source: Broker Provided
Zoning: MX-M*
Documents
APOD ›Listing Office: Rhino Realty Property Mgmt LLC
Last Updated: April - 25 - 2024
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