1110 Dr Martin Luther King Jr Avenue NE, Albuquerque, NM 87106
$599,000
Property Type:
Residential Income
Square Footage:
5,927
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$599,000
List Date:
5/25/2018
Last Modified:
7/23/2018
Description
Owners have raised rents slightly and put a new roof on in 2017. Strong rental history and vacancies are virtually non existent.
More Information MLS# 919566
Status Change Info
Pending Date: 2018-06-15
Closing Date: 2018-07-19
Contract Information
Listing Price: 599000
Current Price: $599,000
List Price/SqFt: 101.06
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1110
Street Name: Dr Martin Luther King Jr
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 4745
Geo Lat: 35.084557
Geo Lon: -106.633549
Area: 40 - UNM
Zone Atlas: K15
City/County Data
UPC Code: 101505718041722704
Subdivision: Brownewell & Lails Hlnd Add
General Property Description
# of Units: 9
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 5927
SqFt Source: Per Appraisal
Lot Size Source: Per Appraisal
Acres: 0.18
Lot SqFt: 7840.8
Directions: I-25 to Dr. Martin Luther King Jr. Ave. then east.
Stories: 2
Total # of Buildings: 1
Year Built: 1958
Age: 31 - 40
Disability Access: Yes
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2955.18
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 55600
Operating Expenses: 14200
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 8
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 602
Actual Rent: 585
Max Rent: 650
Market Rent: 650
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 850
Actual Rent: 825
Max Rent: 1100
Market Rent: 1075
Unit Summary
Total Units: 9
Average Unit Size: 629.55
Average Actual Rent: 611.66
Annualized: 66060
Total Actual Rent: 5505
Property Features
Construction: Brick
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Equip Leased; Outside Lights; Some Landscaping
Appliances included: Blt-In Gas Stve/Oven
Utilities: All City
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Laminate; Tile
Owner Pays: Sewer; Water
Tenant Pays: Garage Rent; Some Utilities
Parking: Covered; Other Parking
Roof: Flat
Rental Info: 6 Month; Month To Month
Finance Considered: Cash; Conventional; FHA; Owner Financing; VA
Source: Broker Provided; Owner Provided
Zoning: R-T*
Documents
Lead Based Paint ›Listing Office: RG Properties, LLC
Last Updated: July - 23 - 2018
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