402 & 404 Cornell Drive SE, 1-12, Albuquerque, NM 87106
$1,300,000
Property Type:
Residential Income
Square Footage:
8,432
Lot Size (sq. ft.):
14,201
Status:
Pending
Current Price:
$1,300,000
List Date:
4/17/2024
Last Modified:
4/21/2024
Description
Location! Location! Location! Opportunity
Knocks! Calling all investors! UNM 12 plex on Cornell, near Frontier Restaurant and Saggios! All 2 Bedroom , 1 Bath units! Off Street parking! Do not disturb tenants, offers subject to inspection! Units are on 2 separate lots, 2 tax levy certificates are attached in documents.
More Information MLS# 1060894
Status Change Info
Pending Date: 2024-04-20
Contract Information
Listing Price: 1300000
Current Price: $1,300,000
List Price/SqFt: 154.17
Status: Pending
Bank Owned: No
Location
Street #: 402 & 404
Street Name: Cornell
St Suffix: Drive
Post Direction: SE
Unit #: 1-12
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Geo Lat: 35.075271
Geo Lon: -106.619199
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605708308930714 & 101605708309430713
General Property Description
# of Units: 12
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 8432
Lot Size Source: On-Line
Acres: 0.33
Lot SqFt: 14201
Directions: South on Cornell from Central (Frontier Restaurant) to Coal** Property located on the corner of Coal and Cornell***
Stories: 2
Total # of Buildings: 2
Year Built: 1971
Year Built Source: Public Records
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 6300.36
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 12
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 730
Actual Rent: 950
Max Rent: 950
Market Rent: 1100
Unit Summary
Total Units: 12
Average Unit Size: 730
Average Actual Rent: 950
Annualized: 136800
Total Actual Rent: 11400
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Disposal; Fan/Hood; Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Operating Expenses: Insurance; Property Taxes; Utilities
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Paved Lot
Roof: Pitched; Shingle
Rental Info: Other - See Remarks
Finance Considered: Cash
Source: Actual Record
Zoning: R-ML*
Listing Office: Brokerage of New Mexico
Last Updated: April - 21 - 2024
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