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436 UTAH Street NE, Albuquerque, NM 87108
$432,000
Property Type:
Residential Income
Lot Size (sq. ft.):
13,504
Status:
Closed
Current Price:
$432,000
List Date:
11/17/2019
Last Modified:
2/05/2020
Description
Great Investment Opportunity!
This 12 unit complex has individual AC units in each 1 bedroom apartment. The courtyard area is fully landscaped and each unit has one parking space, with room for some guest parking.
Current average rent is below market value, units are priced below market value at $36,000 per unit because they require some renovation. Complex has a brand new TPO roof installed in September 2019.
More Information MLS# 957918
Status Change Info
Pending Date: 2019-11-22
Closing Date: 2019-12-18
Contract Information
Listing Price: 432000
Current Price: $432,000
Status: Closed
Bank Owned: No
Location
Street #: 436
Street Name: UTAH
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2465
Geo Lat: 35.081306
Geo Lon: -106.55437
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905742631410541
General Property Description
# of Units: 12
5+ Units: Yes
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 0.31
Lot SqFt: 13503.6
Directions: From Wyoming and Copper, go west to Utah and then north to property.
From Louisiana and Copper, go east to Utah and then north to property
Stories: 2
Total # of Buildings: 2
Year Built: 1974
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3398.98
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 64800
Operating Expenses: 9900
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 12
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 450
Max Rent: 625
Market Rent: 575
Unit Summary
Total Units: 12
Average Unit Size: 400
Average Actual Rent: 450
Annualized: 64800
Total Actual Rent: 5400
Property Features
Construction: Brick; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Some Landscaping
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Refrigerated; Window Units(s)
Flooring: Carpet; Laminate; See Remarks
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric
Operating Expenses: Property Management; Repairs/Maintenance; Utilities
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric
Parking: 1 Space Per Unit
Roof: TPO (G)
Rental Info: Current Lse Agreemnt; Deposits
Finance Considered: Cash; Conventional
Source: Broker Provided
Zoning: R-2
Documents
Listing Office: Thunderbird Prop Mgmt & Realty
Last Updated: February - 05 - 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.