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5 MOUNTAIN LAUREL Street, Los Lunas, NM 87031
$650,000
Property Type:
Residential Income
Square Footage:
14,793
Lot Size (sq. ft.):
50,530
Status:
Closed
Current Price:
$650,000
List Date:
8/02/2015
Last Modified:
7/10/2018
Description
Great investment opportunity with lots of upside potential. This complex features 24 one bedroom units. Many of these units have been remodeled. Includes a manager's unit with 3/4 bath. The property has been mismanaged in the last few years which is why the rents are down for the year. But all are rented except for 2 units. Half are leases and half month-to-month.
More Information MLS# 846797
Status Change Info
Pending Date: 2015-10-17
Closing Date: 2015-12-17
Contract Information
Listing Price: 650000
Current Price: $650,000
List Price/SqFt: 43.94
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 5
Street Name: MOUNTAIN LAUREL
St Suffix: Street
County: Valencia
City/Town Code: Los Lunas
State/Province: NM
Zip Code: 87031
Zip +4: 8258
Geo Lat: 34.804302
Geo Lon: -106.711382
Area: 711 - East Los Lunas/Tome
Zone Atlas: EEE10
City/County Data
UPC Code: 1010038505245000000
General Property Description
# of Units: 24
5+ Units: Yes
Units for Sale: 24
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 14793
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 1.16
Lot SqFt: 50529.6
Directions: I-25 South to Los Lunas exit 203 (Main St). East on Main to Mountain Laurel Rd. Left on Mountain Laurel to property on left.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 4
Year Built Exception: Unknown
Disability Access: Yes
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 14-014
Current Taxes: 7286.2
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 12
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 570
Actual Rent: 500
Max Rent: 550
Market Rent: 500
# of Unit Types (2)
# of Units: 12
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 511
Actual Rent: 500
Max Rent: 550
Market Rent: 500
Unit Summary
Total Units: 24
Average Unit Size: 540.5
Average Actual Rent: 500
Annualized: 144000
Total Actual Rent: 12000
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: Alarm Owned; No Landscaping; Outside Lights
Appliances included: Frestnd Elec Stv/Ovn; Range Hood; Refrigerator
Utilities: All City
Heating: Central Forced Air; Perimeter/Baseboard
Cooling: Refrigerated
Flooring: Carpet; See Remarks
Miscellaneous Info: Pets Limited; Sign On Property
Metering: Individual Electric; Master Gas
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Gas; Sewer; Trash Removal; Water
Tenant Pays: Electric
Parking: 2+Spaces Per Unit; Unpaved
Roof: Pitched; Shingle
Rental Info: Month To Month; Yearly Lease
Finance Considered: Cash; Conventional
Source: Owner Provided
Zoning: S-R
Listing Office: Dave Slade & Associates LLC
Last Updated: July - 10 - 2018
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.