5613 CENTRAL Avenue NW, Albuquerque, NM 87105
$900,000
Property Type:
Residential Income
Square Footage:
6,300
Lot Size (sq. ft.):
15,682
Status:
Closed
Current Price:
$900,000
List Date:
6/28/2022
Last Modified:
1/03/2023
Description
**Under Contract Taking Backup** Offers. OWNER FINANCING IS AVAILABLE. Located along historic Route 66 and across from City of Albuquerque Fire Station
#7, this property provides convenience to tenants utilizing ART Rapid Transit. It
experienced a complete remodel in 2019. This included a new roof, some new plumbing, electrical, paint & stucco, heaters and coolers in all units and new kitchenettes in all units. Current below-market rents provide huge upside to new ownership.
Income/Expense information can be found in Documents Section of the listing.
More Information MLS# 1017861
Status Change Info
Pending Date: 2022-07-05
Closing Date: 2022-09-01
Contract Information
Listing Price: 900000
Current Price: $900,000
List Price/SqFt: 142.86
Status: Closed
Bank Owned: No
Location
Street #: 5613
Street Name: CENTRAL
St Suffix: Avenue
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Geo Lat: 35.082676
Geo Lon: -106.700587
Area: 111 - Ladera Heights
Zone Atlas: K11
City/County Data
UPC Code: 101105727135910901
General Property Description
# of Units: 19
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 6300
Lot Size Source: On-Line
Acres: 0.36
Lot SqFt: 15681.6
Directions: From Coors and Central, take Coors East until 57th Street.
Stories: 1
Total # of Buildings: 2
Year Built: 1940
Age: 81 - 99
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3869.32
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 10
# Baths: 1
Style: Studio
Approx. SqFt: 490
Actual Rent: 581
Max Rent: 665
Market Rent: 665
# of Unit Types (2)
# of Units: 9
# Baths: 1
Style: Studio
Approx. SqFt: 156
Actual Rent: 454
Max Rent: 545
Market Rent: 550
Unit Summary
Total Units: 19
Average Unit Size: 331.78
Average Actual Rent: 520.84
Annualized: 118752
Total Actual Rent: 9896
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Outside Lights
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Ductless
Cooling: Refrigerated
Flooring: Tile
Electric Provider: Public Utility
Electric: None
Metering: All Master Metering
Owner Pays: Electric; Gas; Maintenance; Parking; Sewer; Trash Removal; Water
Tenant Pays: None
Parking: Paved Lot
Roof: TPO (G)
Rental Info: Call Listing Broker; Other - See Remarks
Finance Considered: Cash; Conventional; FHA; Owner Financing
Zoning: MX-M*
Lead Based Paint ›Listing Office: NAI SunVista Commercial RE
Last Updated: January - 03 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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