4113 Atrisco - 4201-4209 Drive NW, Albuquerque, NM 87120
$2,272,500
Property Type:
Residential Income
Square Footage:
26,954
Lot Size (sq. ft.):
79,998
Status:
Closed
Current Price:
$2,272,500
List Date:
3/28/2019
Last Modified:
10/02/2020
Description
This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities.
Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit โ 3/2 + 2 car garage as well as a small onsite management office.
Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%.
Value in 3rd party management, charging for storage units & raising rents.
More Information MLS# 940537
Status Change Info
Pending Date: 2019-07-15
Closing Date: 2019-12-13
Contract Information
Listing Price: 2272500
Current Price: $2,272,500
List Price/SqFt: 84.31
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 4113
Street Name: Atrisco - 4201-4209
St Suffix: Drive
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87120
Zip +4: 3271
Geo Lat: 35.130169
Geo Lon: -106.707675
Area: 111 - Ladera Heights
Zone Atlas: G11
City/County Data
UPC Code: 101106006749520505
Subdivision: Sloans Acres Sub
General Property Description
# of Units: 30
5+ Units: Yes
Units for Sale: 30
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 26954
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 1.84
Lot SqFt: 79998
Directions: From I-40 and Coors, north on Coors to Sequia, west to Atrisco, north to property
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 8
Year Built: 2006
Age: 10 - 15
Disability Access: Unknown
LBP Disclosure: No
Builder: Huong Hanley
Owner Occupant Unit: Yes
Multiple Lots: Three
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 5000.98
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: Owners Unit+2 car ga
Approx. SqFt: 1504
Actual Rent: 984
Max Rent: 984
Market Rent: 984
# of Unit Types (2)
# of Units: 29
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 850
Actual Rent: 695
Max Rent: 725
Market Rent: 724
Unit Summary
Total Units: 30
Average Unit Size: 871.8
Average Actual Rent: 704.63
Annualized: 253668
Total Actual Rent: 21139
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Wshr/Dryr HU in Unit
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Electric Provider: Community
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 02 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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