111 Elidio Lane, Taos, NM 87571
$495,000
Property Type:
Residential Income
Square Footage:
4,000
Lot Size (sq. ft.):
14,810
Status:
Closed
Current Price:
$495,000
List Date:
10/22/2023
Last Modified:
3/08/2024
Description
This apartment portfolio to market in the high end ski, arts, and cultural mecca of Taos NM. These properties are offered for the first time in over a generation and the owners are willing to
consider individual sales or a portfolio sale. The properties are offered with a fixed date for offers.
Total portfolio is 38 units, S - 111-113 Elidio - 9 units walking distance to the Plaza - $495,000 - 9.0% cap rate and adjacent to Kit Carson Park
More Information MLS# 1043580
Status Change Info
Pending Date: 2023-11-11
Closing Date: 2024-03-04
Contract Information
Listing Price: 495000
Current Price: $495,000
List Price/SqFt: 123.75
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 111
Street Name: Elidio
St Suffix: Lane
County: Taos
City/Town Code: Taos
State/Province: NM
Zip Code: 87571
Zip +4: 6892
Geo Lat: 36.406124
Geo Lon: -105.580554
Area: 630 - Taos
Zone Atlas: NOZA
City/County Data
UPC Code: 11074148144444
General Property Description
# of Units: 9
5+ Units: Yes
Units for Sale: 9
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 4000
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.34
Lot SqFt: 14810
Directions: From Kit card and Hwy 64, east to Morada Lane, North property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 2
Year Built: 1980
Age: 41 - 50
# Parking Spaces: 6
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 20-126
Current Taxes: 2047
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 76027
Operating Expenses: 31491
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 630
Actual Rent: 835
Max Rent: 844
Market Rent: 875
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 600
Actual Rent: 844
Max Rent: 844
Market Rent: 875
# of Unit Types (3)
# of Units: 1
# Baths: 1
Approx. SqFt: 289
Actual Rent: 525
Max Rent: 765
Market Rent: 800
# of Unit Types (4)
# of Units: 1
# Baths: 1
Approx. SqFt: 390
Actual Rent: 750
Max Rent: 750
Market Rent: 800
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 390
Actual Rent: 750
Max Rent: 750
Market Rent: 800
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 373
Actual Rent: 750
Max Rent: 750
Market Rent: 800
# of Unit Types (7)
# of Units: 1
# Baths: 1
Approx. SqFt: 248
Actual Rent: 640
Max Rent: 640
Market Rent: 675
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 595
Actual Rent: 725
Max Rent: 850
Market Rent: 875
# of Unit Types (9)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 545
Actual Rent: 850
Max Rent: 850
Market Rent: 875
Unit Summary
Total Units: 9
Average Unit Size: 451.11
Average Actual Rent: 741
Annualized: 80028
Total Actual Rent: 6669
Property Features
Construction: Adobe; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Unpaved
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Source: Actual Record; Broker Provided; Owner Provided
Zoning: R-4
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 08 - 2024
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