13212 Mountain Road NE, Albuquerque, NM 87112
$195,000
Property Type:
Residential Income
Square Footage:
3,280
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$195,000
List Date:
10/11/2016
Last Modified:
2/16/2017
Description
Value add fourplex in NE heights. Rents are 25% below market and proforma Cap rate is 9.6% with a 21.2% cash on cash.
Property on tour Tuesday, October 18th at 3:35pm (part of NE heights investment tour - email LA for details)
More Information MLS# 877283
Status Change Info
Pending Date: 2016-11-09
Closing Date: 2016-12-30
Contract Information
Listing Price: 195000
Current Price: $195,000
List Price/SqFt: 59.45
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 13212
Street Name: Mountain
St Suffix: Road
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87112
Zip +4: 6131
Geo Lat: 35.090831
Geo Lon: -106.500052
Area: 50 - Northeast Heights
Zone Atlas: J22
City/County Data
UPC Code: 102205844815241547
Subdivision: Panorama Heights
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3280
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.15
Lot SqFt: 6534
Directions: From I-40 and Tramway, north to Lomas, west to Nakomis, north to Mountain Road
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1979
Age: 31 - 40
# Parking Spaces: 6
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3498.6
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 22883
Operating Expenses: 12105
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 788
Actual Rent: 524
Max Rent: 550
Market Rent: 687
Unit Summary
Total Units: 4
Average Unit Size: 788
Average Actual Rent: 524
Annualized: 25152
Total Actual Rent: 2096
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: All City
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet
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: Paved Lot
Roof: Flat
Rental Info: Call Listing Broker
Finance Considered: Cash; FHA; VA
Source: Actual Record
Zoning: SU-1
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 16 - 2017
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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