12824 Skyline Road NE, Albuquerque, NM 87123
$1,550,000
Property Type:
Residential Income
Lot Size (sq. ft.):
45,302
Status:
Closed
Current Price:
$1,550,000
List Date:
10/06/2023
Last Modified:
10/24/2023
Description
**Owner Financing Available** 12824 Skyline Road is one of the newer multi-family properties of this size in Albuquerque built in 2003. Located just south of I40, near shopping, dining, access to an ART stop. 72(!) Bike Score. The property boasts 1.04 acres with 4 single-story buildings & pitched roofs. There are 12 2-beds and 4 1-bed units all facing the interior courtyard. There is a separate community laundry center, 1 car garage for a maintenance shop, a standalone storage shed, and a small office unit. Avg Current rents of $862. Upside includes $150-$200 rent premiums, add a RUBS program for water, Add turf to courtyard for water conservation & reduce costs. Strong Mgnt efficiencies make this a winner!
More Information MLS# 1041974
Status Change Info
Pending Date: 2023-10-08
Closing Date: 2023-10-24
Contract Information
Listing Price: 1550000
Current Price: $1,550,000
Status: Closed
Bank Owned: No
Location
Street #: 12824
Street Name: Skyline
St Suffix: Road
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 3005
Geo Lat: 35.071689
Geo Lon: -106.506519
Area: 50 - Northeast Heights
Zone Atlas: L22
City/County Data
UPC Code: 102205625852010706
General Property Description
# of Units: 16
5+ Units: Yes
Units for Sale: 16
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 1.04
Lot SqFt: 45302.4
Directions: South on Juan Tabo from I40. Turn East on Skyline Rd. Travel to the end. Property is last on the South Side of the road.
Stories: 1
Total # of Buildings: 4
Year Built: 2003
Age: 16 - 20
# Parking Spaces: 24
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 10922.84
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 144759
Operating Expenses: 48367
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 1
# Baths: 2
Approx. SqFt: 600
Actual Rent: 650
Max Rent: 821
Market Rent: 850
# of Unit Types (2)
# of Units: 12
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 935
Max Rent: 1144
Market Rent: 1150
Unit Summary
Total Units: 16
Average Unit Size: 712.5
Average Actual Rent: 863.75
Annualized: 165840
Total Actual Rent: 13820
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Community; Some Landscaping; Sprinklers
Appliances included: Dishwasher; Disposal; Frestnd Elec Stv/Ovn; Range Hood; Refrigerator
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air; Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate; Tile
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Call Listing Broker
Owner Pays: Sewer; Some Utilities; Trash Removal; Water
Tenant Pays: Electric; Gas; Some Utilities
Parking: 1.5 Spaces Per Unit
Roof: Pitched; Shingle
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; Owner Financing
Source: Owner Provided
Zoning: R-MH*
Offer & Showing Instructions ›Listing Office: Realty One of New Mexico
Last Updated: October - 24 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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