5120 Eastern + 3 fourplexes, Albuquerque, NM 87108
$847,000
Property Type:
Residential Income
Square Footage:
13,490
Lot Size (sq. ft.):
34,412
Status:
Closed
Current Price:
$847,000
List Date:
11/11/2015
Last Modified:
2/18/2017
Description
Rare opportunity to acquire a piece of NM history from the developer who built the world largest free standing wood structure (the Trestle). What is the Trestle you ask? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history.
The designer and developer of the Trestle also built his dream apartments at 5116, 5120 Eastern and 1309, 1315 Madeira SE which he owner occupied.
These 16 units (4 x fourplexes) were developed by Dr. Carl Baum as his primary residence while he worked on Kirtland base for the Air Force as a world recognized expert on electromagnetic pulse phenomena.
More Information MLS# 853703
Status Change Info
Pending Date: 2015-12-23
Closing Date: 2016-06-16
Contract Information
Listing Price: 847000
Current Price: $847,000
List Price/SqFt: 62.79
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 5120
Street Name: Eastern + 3 fourplexes
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.059874
Geo Lon: -106.584455
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805605105830212
Subdivision: Virginian ADdn
General Property Description
# of Units: 16
5+ Units: Yes
Units for Sale: 16
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 13490
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.79
Lot SqFt: 34412
Directions: From I-40 & I-25 south on I-25 to Gibson, east to San Mateo (and the famous Chevy on a Stick sculpture), north to Eastern east to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 4
Year Built: 1979
Year Built Exception: Unknown
Age: 31 - 40
Disability Access: Unknown
LBP Disclosure: No
Builder: Baum
Owner Occupant Unit: Yes
Multiple Lots: Four
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 5135
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 2
# of Bedrooms: 3
# Baths: 1
Style: Townhouse
Approx. SqFt: 1006
Actual Rent: 753
Max Rent: 850
Market Rent: 850
# of Unit Types (2)
# of Units: 14
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 852
Actual Rent: 583
Max Rent: 635
Market Rent: 636
Unit Summary
Total Units: 16
Average Unit Size: 871.25
Average Actual Rent: 604.25
Annualized: 116016
Total Actual Rent: 9668
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: Wshr/Dryr HU in Unit
Appliances included: Refrigerator
Utilities: All City
Heating: Gas
Cooling: Evaporative Cooling
Flooring: Carpet
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Some Utilities
Roof: Flat
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; FHA
Zoning: R-2
Documents
APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 18 - 2017
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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