12229 Menaul Boulevard NE, Albuquerque, NM 87112
$579,429
Property Type:
Residential Income
Square Footage:
3,107
Lot Size (sq. ft.):
8,276
Status:
Active
Current Price:
$579,429
List Date:
12/04/2023
Last Modified:
3/09/2024
Description
Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:
- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.
- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.
- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.
Each residence has its own private area and/or backyard.
Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.
Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.
More Information MLS# 1053809
Contract Information
Listing Price: 579429
Current Price: $579,429
List Price/SqFt: 186.49
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 12229
Street Name: Menaul
St Suffix: Boulevard
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87112
Zip +4: 2496
Geo Lat: 35.10908
Geo Lon: -106.501356
Area: 50 - Northeast Heights
Zone Atlas: H22
City/County Data
UPC Code: 102205943630110604
Subdivision: Brentwoods Hills
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 3107
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.19
Lot SqFt: 8276.4
Directions: From I-40 Tramway, north on Tramway to Menaul, west to property
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1977
Age: Select One
# Parking Spaces: 4
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2969.12
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 45315
Operating Expenses: 14916
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1274
Actual Rent: 1625
Max Rent: 1675
Market Rent: 2100
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1007
Actual Rent: 1200
Max Rent: 1200
Market Rent: 1550
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 829
Actual Rent: 1150
Max Rent: 1200
Market Rent: 1250
Unit Summary
Total Units: 3
Average Unit Size: 1036.66
Average Actual Rent: 1325
Annualized: 47700
Total Actual Rent: 3975
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping; Owners Unit
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Garage
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-T*
Documents
Lead Based Paint ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 09 - 2024
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