12616 Copperwood Drive NE, Albuquerque, NM 87123
$265,000
Property Type:
Residential Income
Square Footage:
3,596
Lot Size (sq. ft.):
8,407
Status:
Closed
Current Price:
$265,000
List Date:
8/20/2020
Last Modified:
10/23/2020
Description
Offer deadline - 9/4
New to the market and an amazingly rare find – the perfect fourplex for an owner occupant in Albuquerque's northeast heights.
Nestled in a community of family of other fourplexes, this 2 bedroom, 1 bathroom + washer/dryers has large two story units – one of which has a downstairs half bathroom. Each unit has its own backyard space with patio as well as internal laundry room. The owner has spent a lot of time, resources, care and attention to renovating three of the four units.
Starting Ask Price is $265,000, with an average rent of $825, measures of investment performance include a GRM of 6.69, a before reserves cap rate of 9.00% and an after-tax Internal Rate of Return (IRR) of 19.00%.
More Information MLS# 975234
Status Change Info
Pending Date: 2020-09-04
Closing Date: 2020-10-13
Contract Information
Listing Price: 265000
Current Price: $265,000
List Price/SqFt: 73.69
Status: Closed
Bank Owned: No
Location
Street #: 12616
Street Name: Copperwood
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 1568
Geo Lat: 35.079551
Geo Lon: -106.506893
Area: 50 - Northeast Heights
Zone Atlas: K22
City/County Data
UPC Code: 102205724427220746
Subdivision: Copperwood Park
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3596
Lot Size Source: On-Line
Acres: 0.19
Lot SqFt: 8407.08
Directions: From I-40 Juan Tabo, north to Copper, east to Copperwood, north/north east on Copperwood to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1979
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2773.3
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 37620
Operating Expenses: 14625
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 15
Style: Townhouse Unit D
Approx. SqFt: 899
Actual Rent: 950
Max Rent: 950
Market Rent: 975
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Style: Townhouse Style
Approx. SqFt: 899
Actual Rent: 850
Max Rent: 850
Market Rent: 875
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: Townhouse
Approx. SqFt: 899
Actual Rent: 650
Max Rent: 850
Market Rent: 875
Unit Summary
Total Units: 4
Average Unit Size: 899
Average Actual Rent: 825
Annualized: 39600
Total Actual Rent: 3300
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Owners Unit; Some Landscaping; Wshr/Dryr HU in Unit
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Vinyl
Electric Provider: Public Utility
Electric: None
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: 1.5 Spaces Per Unit
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 23 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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