7605 Bell SE, Albuquerque, NM 87108
$4,915,047
Property Type:
Residential Income
Square Footage:
37,168
Lot Size (sq. ft.):
120,796
Status:
Active
Current Price:
$4,915,047
List Date:
10/31/2023
Last Modified:
3/09/2024
Description
A total of 53 units in 15 buildings in 9 concentration, all within 9 x 9 block area.
Area amenities include Ta-Lin International market, Expo! NM, The NM State Fair, and the constructed International District Library.
The portfolio straddles historic Route 66, home to the Albuquerque Rapid Transit corridor which offers quick connections to the Uptown retail district, Nob Hill, UNM/CNM Area as well as downtown, Kirtland Air Force Base and Sandia National Laboratories.
The sellers are offering financing to qualified investors (*) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. (*subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).
Same owner has Single family portfolio FS
More Information MLS# 1044022
Contract Information
Listing Price: 4915047
Current Price: $4,915,047
List Price/SqFt: 132.24
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 7605
Street Name: Bell
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.070995
Geo Lon: -106.562483
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905618347022402
Subdivision: Multiple legal descriptions - 15 different parcels
General Property Description
# of Units: 53
5+ Units: Yes
Units for Sale: 53
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 37168
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 2.77
Lot SqFt: 120796
Directions: From I-40 and Louisiana south to Central east to San Pablo, south to property.
Please review flyer for complete list of all addresses - 15 different properties.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 15
Year Built: 1980
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Five
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 30113
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 492051
Operating Expenses: 194484
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 53
# of Bedrooms: 1
# Baths: 1
Style: Various
Approx. SqFt: 701
Actual Rent: 782
Max Rent: 923
Market Rent: 923
Unit Summary
Total Units: 53
Average Unit Size: 701
Average Actual Rent: 782
Annualized: 497352
Total Actual Rent: 41446
Property Features
Construction: Block; Frame; Masonry
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas; Irregular Metering; Master Electric; Master Gas; Sub-Metering; Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Roof: Flat; Pitched
Rental Info: Other - See Remarks
Finance Considered: Owner Financing
Source: Owner Provided
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 09 - 2024
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.