219 & 231 MURIEL Street NE, Albuquerque, NM 87123
$862,500
Property Type:
Residential Income
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$862,500
List Date:
9/06/2021
Last Modified:
1/13/2022
Description
Huge price reduction on 10-unit mobile home pk with owner financing! Units have been reconditioned and include 8 mobile homes, one 2200 sf 3 bdrm 2 ba home with 2 car garage, an additional 1 car garage for storage, and an efficiency. This property is a cash cow grossing machine producing more than $100,000 per year with 6.5% Cap. Many of the rents have not been raised in 3 yrs. At market rents this park will operate at 7.7% CAP rate. All homes have had extensive remodeling. Park models include 3 three bdrm 2 bath homes, 1 two bdrm 2 bath home, 5 two bdrm 1 bath homes, and one efficiency. All models including efficiency have washers and dryers and solid surface flooring. No carpet. All models are owned by park. 100% leased! Owner financing available with 25% down
More Information MLS# 1000515
Status Change Info
Pending Date: 2021-10-19
Closing Date: 2022-01-13
Contract Information
Listing Price: 862500
Current Price: $862,500
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 219 & 231
Street Name: MURIEL
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 2955
Geo Lat: 35.072154
Geo Lon: -106.516629
Area: 50 - Northeast Heights
Zone Atlas: L21
City/County Data
UPC Code: 102105647152711505
General Property Description
# of Units: 10
5+ Units: Yes
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 0.6
Lot SqFt: 26136
Directions: From Juan Tabo & Central: North on Juan Tab o to Linn Ave. Left on Linn to Muriel St. Right on Muriel to property on left.
Stories: 1
Total # of Buildings: 9
Year Built Exception: Unknown
Age: 31 - 40
Disability Access: No
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Multiple Lots: Four
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2493
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 104916
Operating Expenses: 18874
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 2200
Actual Rent: 1268
Max Rent: 1700
Market Rent: 1500
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1100
Actual Rent: 975
Max Rent: 1050
Market Rent: 995
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 800
Actual Rent: 925
Max Rent: 975
Market Rent: 950
# of Unit Types (4)
# of Units: 3
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1000
Actual Rent: 875
Max Rent: 850
Market Rent: 925
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 940
Max Rent: 975
Market Rent: 950
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1000
Actual Rent: 750
Max Rent: 1000
Market Rent: 975
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 585
Max Rent: 625
Market Rent: 600
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 650
Max Rent: 950
Market Rent: 875
Unit Summary
Total Units: 10
Average Unit Size: 1010
Average Actual Rent: 871.8
Annualized: 104616
Total Actual Rent: 8718
Property Features
Construction: Frame
Exterior Material: Aluminum Siding
Build Description: Resale
Amenities: Enclosed Yard; Laundry Equip. Owned; Outside Lights
Appliances included: Dryer; Frestnd Elec Stv/Ovn; Microwave; Refrigerator; Washer
Utilities: Cable Connected; Electricity Connected; Natural Gas Available; Phone Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Laminate; Vinyl
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Some Utilities; Water
Tenant Pays: Some Utilities
Parking: 1.5 Spaces Per Unit
Roof: Metal; Shingle; Tar Gravel
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional; Owner Financing
Source: Actual Record
Zoning: MX-H*
Documents
APOD ›Listing Office: Dave Slade & Associates LLC
Last Updated: January - 13 - 2022
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