105 - 148 General Arnold Street NE, 24, Albuquerque, NM 87123
$1,105,000
Property Type:
Residential Income
Square Footage:
16,467
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$1,105,000
List Date:
4/26/2016
Last Modified:
8/16/2017
Description
Under Contract Taking Backup Offers
Di Palma Portfolio: 24 units in 5 buildings. Beautifully maintained, exceptionally managed, great tenants, well screened. Seller would consider managing for new buyer.
6 X GROSS RENT MULTIPLIER!
10% CAP RATE ON EXISTING INCOME!!
15% CASH ON CASH WITH MANAGEMENT!!!
PLEASE DO NOT DISTURB TENANTS!
More Information MLS# 864571
Status Change Info
Pending Date: 2016-05-17
Closing Date: 2016-07-29
Contract Information
Listing Price: 1105000
Current Price: $1,105,000
List Price/SqFt: 67.1
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 105 - 148
Street Name: General Arnold
St Suffix: Street
Post Direction: NE
Unit #: 24
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 2537
Geo Lat: 35.075972
Geo Lon: -106.547099
Area: 50 - Northeast Heights
Zone Atlas: K20
City/County Data
UPC Code: 102005710111631036
Subdivision: Waggoman Denison Add
General Property Description
# of Units: 24
5+ Units: Yes
Units for Sale: 24
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 16467
SqFt Source: Broker
Lot Size Source: Survey
Acres: 0.17
Lot SqFt: 7405.2
Directions: 105, 132, 144 and 148 General Arnold NE: north of Central, east of Wyoming.
3440 Eastern SE: 1.5 blocks west of Carlisle, 2 blocks north of Gibson
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 5
Year Built: 1980
Year Built Exception: Unknown
Age: 31 - 40
# Parking Spaces: 36
Disability Access: Unknown
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Multiple Lots: Five
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2804.54
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 183948
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 24
# of Bedrooms: 44
# Baths: 24
Approx. SqFt: 686
Actual Rent: 639
Max Rent: 639
Market Rent: 639
Unit Summary
Total Units: 24
Average Unit Size: 686
Average Actual Rent: 639
Annualized: 184032
Total Actual Rent: 15336
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: Balconies/Deck; Enclosed Yard; Laundry Community; Outside Lights; Owners Unit; Tenant Storage
Appliances included: Dishwasher; Frestnd Elec Stv/Ovn; Range Hood; Refrigerator
Utilities: All City; Electric; Natural Gas; Sewer Available
Heating: Central Forced Air; Electric; Gas
Cooling: Evaporative Cooling
Flooring: Carpet; Tile
Miscellaneous Info: No Sign; Package; Pets Limited
Metering: Individual Electric; Individual Gas
Operating Expenses: Call Listing Broker; Insurance; Property Management; Property Taxes; Repairs/Maintenance; Supplies; Utilities
Owner Pays: Maintenance; Sewer; Some Utilities; Trash Removal; Water
Tenant Pays: Electric; Gas; Trash Removal
Parking: 1.5 Spaces Per Unit
Roof: Flat; Pitched; Shingle; Tar Gravel
Rental Info: Call Listing Broker; Current Lse Agreemnt; Deposits; Late Fees; Month To Month; Pet Deposit; Rental History Avail; Yearly Lease
Trade/Xch Terms: Trade for Other RE
Finance Considered: Cash; Conventional
Source: Actual Record; Owner Provided
Zoning: R-3
Documents
Flyer ›Listing Office: Metro Commercial Realty, Inc.
Last Updated: August - 16 - 2017
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