200 PENNSYLVANIA Street NE, Albuquerque, NM 87108
$1,950,000
Property Type:
Residential Income
Lot Size (sq. ft.):
3,049
Status:
Closed
Current Price:
$1,950,000
List Date:
3/13/2022
Last Modified:
7/17/2023
Description
The property has many recent updates including new TPO roofs, brand new solar panels to cut utility costs, new exterior paint throughout, several of the units have been moderately updated, and new w/d machines.
The 30 door, investment property that sits in a convenient location with many long-term tenants is ready for its new owner. Upgrade the units and increase the rents to create additional cashflow!
More Information MLS# 1010548
Status Change Info
Pending Date: 2022-03-23
Closing Date: 2022-05-27
Contract Information
Listing Price: 1950000
Current Price: $1,950,000
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 200
Street Name: PENNSYLVANIA
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.076606
Geo Lon: -106.558923
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905729332210116
General Property Description
# of Units: 30
5+ Units: Yes
Property Sub-Type: 9 or More Units
SqFt Source: Per Appraisal
Lot Size Source: Survey
Acres: 0.07
Lot SqFt: 3049.2
Directions: Take I-40 South on Louisiana, east on Central, North on Pennsylvania.
Stories: 2
Total # of Buildings: 2
Year Built: 1973
Year Built Exception: Unknown
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 7000
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 180000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 30
# Baths: 1
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 630
Market Rent: 600
Unit Summary
Total Units: 30
Average Unit Size: 400
Average Actual Rent: 500
Annualized: 180000
Total Actual Rent: 15000
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Community; Outside Lights; Security Gate
Appliances included: Convection Oven; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Tile
Electric Provider: Public Utility
Electric: None
Irrigation Source: Other - See Remarks
Metering: All Master Metering
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Some Utilities
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit
Roof: TPO (G)
Rental Info: Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional
Source: Other - See Remarks
Zoning: MX-M*
Documents
APOD ›Listing Office: Rhino Realty Property Mgmt LLC
Last Updated: July - 17 - 2023
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