700-706 Fruit Avenue NW, Albuquerque, NM 87102
$1,850,000
Property Type:
Residential Income
Square Footage:
9,250
Lot Size (sq. ft.):
54,000
Status:
Closed
Current Price:
$1,850,000
List Date:
12/17/2021
Last Modified:
2/12/2022
Description
Ten sparkling downtown townhouses in a well-maintained 20 unit complex. All units fully renovated with granite counters, stainless appliances, wood-burning fireplaces, fenced patios, upstairs balconies and skylights. Two bedrooms upstairs with a full bath, and a 1/2 bath downstairs. Big pantry in each unit. Each bedroom features a vanity ideal for roommates or older children.
Great rental history with occupancy averaging under three per cent. Most tenants stay 3+ years
HOA has strong financial history and cash reserves. Nice community mix of renters and owners. Next door to Lew Wallace Elementary School, and just blocks to courthouses and downtown.
More Information MLS# 1006111
Status Change Info
Pending Date: 2021-12-21
Closing Date: 2022-02-10
Contract Information
Listing Price: 1850000
Current Price: $1,850,000
List Price/SqFt: 200
Status: Closed
Bank Owned: No
Location
Street #: 700-706
Street Name: Fruit
St Suffix: Avenue
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Geo Lat: 35.090165
Geo Lon: -106.654512
Area: 80 - Downtown Area
Zone Atlas: J14
City/County Data
UPC Code: 101405808410032024
General Property Description
# of Units: 10
5+ Units: Yes
Units for Sale: 10
Property Sub-Type: Other - See Remarks
Apx Structured SqFt: 9250
SqFt Source: Broker
Lot Size Source: Broker
Acres: 1.24
Lot SqFt: 54000
Directions: from Lomas and 7th, south on 7th, west on Fruit, parking lot on south side of Fruit
Stories: 2
Total # of Buildings: 4
Year Built: 1982
Age: 31 - 40
# Parking Spaces: 30
Disability Access: No
LBP Disclosure: No
Builder: Tekin
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 10500
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 151200
Operating Expenses: 47943
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 10
# of Bedrooms: 2
# Baths: 1.5
Approx. SqFt: 925
Actual Rent: 1225
Max Rent: 1325
Market Rent: 1295
Unit Summary
Total Units: 10
Average Unit Size: 925
Average Actual Rent: 1225
Annualized: 147000
Total Actual Rent: 12250
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Ceiling Fan(s); Fireplace All Units; Outside Lights; Some Landscaping; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Disposal; Dryer H/U; Frestnd Elec Stv/Ovn; Frestnd Gas Stv/Ovn; Microwave; Refrigerator; Washer H/U
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl; Wood
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: Pets Limited
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance
Owner Pays: Association Fees; Maintenance
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit; Assigned Parking; Paved Lot
Roof: Shingle
Rental Info: Deposits; Pet Deposit; Yearly Lease
Trade/Xch Terms: Equity See LO/SO
Finance Considered: Cash; Conventional
Source: Broker Provided
Zoning: R-ML*
Documents
Income and Expense ›Listing Office: Full Service Realty LLC
Last Updated: February - 12 - 2022
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