310 & 312 LA VETA Drive NE, Albuquerque, NM 87108
$570,000
Property Type:
Residential Income
Square Footage:
6,338
Lot Size (sq. ft.):
4,792
Status:
Closed
Current Price:
$570,000
List Date:
12/22/2021
Last Modified:
3/01/2022
Description
Offer Accepted, just waiting on signatures. 8 Units Total - Each 4 Plex has a 2 Bedroom Owner Unit and 3 Large 1 Bedrooms. Seller Prefers to sell them together. Great North East Location with rent upsides and room for improvement. This property offers a potential 5 and 6 % Cap Rates based on the actual rents. Room for rent growth to match market, as seen in the property next door at 310 La Veta. Units offer value add with some Laundry Hook Ups in Unit and Storage Units onsite. Units have private backyards and large floor plans.
More Information MLS# 1006310
Status Change Info
Pending Date: 2021-12-27
Closing Date: 2022-03-01
Contract Information
Listing Price: 570000
Current Price: $570,000
List Price/SqFt: 89.93
Status: Closed
Bank Owned: No
Location
Street #: 310 & 312
Street Name: LA VETA
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1660
Geo Lat: 35.080297
Geo Lon: -106.583286
Area: 70 - Fairgrounds
Zone Atlas: K18
City/County Data
UPC Code: 101805709027420410
General Property Description
# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: 8 Units
Apx Structured SqFt: 6338
Lot Size Source: On-Line
Acres: 0.11
Lot SqFt: 4791.6
Directions: From Copper and San Mateo East to La Veta, South to Property on Left
Stories: 2
Total # of Buildings: 2
Year Built: 1960
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2032.32
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 6
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 600
Max Rent: 750
Market Rent: 750
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 795
Max Rent: 895
Market Rent: 895
Unit Summary
Total Units: 8
Average Unit Size: 675
Average Actual Rent: 648.75
Annualized: 62280
Total Actual Rent: 5190
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Owners Unit
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Electric Provider: Public Utility
Electric: None
Owner Pays: Some Utilities
Tenant Pays: Some Utilities
Parking: Assigned Parking
Roof: Flat
Rental Info: Current Lse Agreemnt; Month To Month; Yearly Lease
Finance Considered: Cash; Conventional; FHA
Zoning: R-MH*
Listing Office: PS Properties
Last Updated: March - 01 - 2022
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