12801 DUNES Road SE, Albuquerque, NM 87123
$425,000
Property Type:
Residential Income
Square Footage:
3,800
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$425,000
List Date:
7/06/2022
Last Modified:
8/30/2022
Description
This 4-plex has been upgraded and remodeled. Nestled in a tucked away neighborhood near the mountain. stabilized asset in a high rent-growth area. Over 5% CAP RATE on Pro Forma Basis. The rent increases every year. This property does host long standing tenants with good standing in payments. Property was gutted when ownership was transferred and it does meet Federal Housing Conditions. Please do not lose out on this opportunity!
More Information MLS# 1017918
Status Change Info
Pending Date: 2022-07-31
Closing Date: 2022-08-30
Contract Information
Listing Price: 425000
Current Price: $425,000
List Price/SqFt: 111.84
Status: Closed
Bank Owned: No
Location
Street #: 12801
Street Name: DUNES
St Suffix: Road
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 4900
Geo Lat: 35.065818
Geo Lon: -106.505376
Area: 71 - Southeast Heights
Zone Atlas: L22
City/County Data
UPC Code: 102205628330310904
Subdivision: N/A
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3800
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: East on Central to Western Skies. Right on Western Skies left to Dunes
Stories: 2
Total # of Buildings: 1
Year Built: 1982
Age: 31 - 40
# Parking Spaces: 6
Disability Access: No
LBP Disclosure: No
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3098.6
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 950
Actual Rent: 850
Max Rent: 850
Market Rent: 900
Unit Summary
Total Units: 4
Average Unit Size: 950
Average Actual Rent: 850
Annualized: 40800
Total Actual Rent: 3400
Property Features
Construction: Frame
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Fireplace All Units; Wshr/Dryr HU in Unit
Appliances included: None
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Electric Provider: Public Utility
Electric: None
Operating Expenses: Utilities
Owner Pays: Maintenance; Some Utilities
Tenant Pays: Maintenance; Other - See Remarks
Parking: 1.5 Spaces Per Unit
Roof: Flat; Pitched
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Documents
Tax Levy Disclosure ›Listing Office: Keller Williams Realty
Last Updated: August - 30 - 2022
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