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.
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