2915 Vail Avenue SE, Albuquerque, NM 87106
$307,500
Property Type:
Residential Income
Square Footage:
2,969
Lot Size (sq. ft.):
6,229
Status:
Closed
Current Price:
$307,500
List Date:
9/22/2020
Last Modified:
11/30/2020
Description
Golf Course view fourplex!
List Price is $307,500, with an average rent of $666, measures of investment performance include a GRM of 9.62, a before reserves cap rate of 6.20% and an after-tax Internal Rate of Return (IRR) of 15.00%. If rents are raised to the market average of $775, measure of investment performance improve to a cap rate of 7.50% and a cash on cash of 12.60%.
The market comparable sales indicate a value of $308,585.
This South UNM Area 4-Plex features well-designed two bedroom / 1 bathroom apartments with an on-site laundry room and a large parking area. Each apartment boasts a smart and open floor plan with large hallways and doorways, spacious bathrooms, forced central heating, and open kitchens with corner sinks and dishwashers.
More Information MLS# 977592
Status Change Info
Pending Date: 2020-10-07
Closing Date: 2020-11-30
Contract Information
Listing Price: 307500
Current Price: $307,500
List Price/SqFt: 103.57
Status: Closed
Bank Owned: No
Location
Street #: 2915
Street Name: Vail
St Suffix: Avenue
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 3130
Geo Lat: 35.061685
Geo Lon: -106.613414
Area: 42 - UNM South
Zone Atlas: L16
City/County Data
UPC Code: 101605625912230701
Subdivision: Lot 9B, Summary Plat of Lots 8, 9A, 9B, Block 5A, Bacheller Tract
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2969
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6229.08
Directions: From I-25 and Gibson east to Girard, north to Vail - property is on the north east corner.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1979
Age: 41 - 50
# Parking Spaces: 6
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: AO
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3187.28
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 742
Actual Rent: 666
Max Rent: 745
Market Rent: 775
Unit Summary
Total Units: 4
Average Unit Size: 742
Average Actual Rent: 666
Annualized: 31968
Total Actual Rent: 2664
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Outside Lights; Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Electric Provider: Public Utility
Electric: None
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: November - 30 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.