1410 TRUMAN Street SE, Albuquerque, NM 87108
$860,000
Property Type:
Residential Income
Square Footage:
6,272
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$860,000
List Date:
6/27/2022
Last Modified:
9/08/2022
Description
Two well maintained turnkey four plex's on the eastern edge of the sought-after Ridgecrest neighborhood. Located near Kirtland Airforce Base, Veterans Hospital, Albuquerque International Sunport and the new Max Q development. All units are two-bedroom, one bath, with a laundry room/washer dryer hookup. Some units have washers and dryers. All units have microwaves, dishwashers, and disposals, and multi part vinyl windows. Six of the evaporative coolers were replaced in 2014 and two were replaced with Bonaire high efficiency 5000 CFM units in June of 2022. Both buildings were re-stuccoed in 2014. Both roofs were replaced in 2013. The property has been owned by the same owners for over 30 years and has been self-managed. There is currently one unit vacant that has been entirely remodeled
Supplements: with new flooring, new paint, new cabinets, new microwave, dishwasher and stove. This unit is currently advertised for rent at $950/month. Actual financial data provided by the seller for the first five months of 2022 and annualized results in a 5.2 CAP rate and a GRM of 13.27. Raising rents to $900/month results in a proforma CAP of 8.1 and GRM of 9.43. Selling both buildings only, seller will not divide. Offer subject to walk through/inspections. Please DO NOT disturb tenants.
More Information MLS# 1017801
Status Change Info
Pending Date: 2022-07-03
Closing Date: 2022-09-08
Contract Information
Listing Price: 860000
Current Price: $860,000
List Price/SqFt: 137.12
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1410
Street Name: TRUMAN
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4551
Geo Lat: 35.059586
Geo Lon: -106.587912
Area: 42 - UNM South
Zone Atlas: L17
City/County Data
UPC Code: 101705649104840809
General Property Description
# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: 8 Units
Apx Structured SqFt: 6272
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098.4
Directions: Property located on the corner of Truman and Ridgecrest SE
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1979
Age: 41 - 50
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 7595.52
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 64800
Operating Expenses: 20432
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 3
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 754
Actual Rent: 800
Max Rent: 1100
Market Rent: 900
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 754
Actual Rent: 750
Max Rent: 1100
Market Rent: 900
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 754
Actual Rent: 850
Max Rent: 1100
Market Rent: 900
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 754
Actual Rent: 650
Max Rent: 1100
Market Rent: 900
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 754
Actual Rent: 950
Max Rent: 1100
Market Rent: 900
Unit Summary
Total Units: 8
Average Unit Size: 754
Average Actual Rent: 793.75
Annualized: 76200
Total Actual Rent: 6350
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Security Gate; Tenant Storage; Walled Complex; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Frestnd Elec Stv/Ovn; Microwave; Range Hood; Refrigerator
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Taxes; Utilities
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit
Roof: Pitched
Rental Info: Month To Month
Finance Considered: Cash; Conventional
Source: Actual Record; Owner Provided; Projection
Zoning: MX-M*
Documents
APOD ›Listing Office: ABQ Properties LLC
Last Updated: September - 08 - 2022
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