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7919 Bell Avenue SE, Albuquerque, NM 87108
$1,849,171
Property Type:
Residential Income
Square Footage:
13,614
Lot Size (sq. ft.):
68,825
Status:
Active
Current Price:
$1,849,171
List Date:
12/30/2023
Last Modified:
3/09/2024
Description
NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico.
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).
If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax consequences and cash out.
Additionally, the portfolio is priced 23% below comps.
More Information MLS# 1054785
Contract Information
Listing Price: 1849171
Current Price: $1,849,171
List Price/SqFt: 135.83
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 7919
Street Name: Bell
St Suffix: Avenue
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4101
Geo Lat: 35.070866
Geo Lon: -106.558577
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905629526911502
Subdivision: Multiple legal descriptions for 11 properties
General Property Description
# of Units: 11
5+ Units: Yes
Units for Sale: 11
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 13614
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 1.58
Lot SqFt: 68825
Directions: Please review flyer for location info on all 11 units.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 11
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: 826.08
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 146479
Operating Expenses: 53529
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: A
Approx. SqFt: 1069
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1775
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: B
Approx. SqFt: 1058
Actual Rent: 900
Max Rent: 900
Market Rent: 1700
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 4
# Baths: 3
Style: C
Approx. SqFt: 1154
Actual Rent: 1700
Max Rent: 1700
Market Rent: 2100
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Style: D
Approx. SqFt: 2304
Actual Rent: 860
Max Rent: 860
Market Rent: 1750
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Style: E
Approx. SqFt: 875
Actual Rent: 900
Max Rent: 900
Market Rent: 1250
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: F
Approx. SqFt: 858
Actual Rent: 920
Max Rent: 920
Market Rent: 1250
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: G
Approx. SqFt: 1044
Actual Rent: 850
Max Rent: 850
Market Rent: 1200
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Style: H
Approx. SqFt: 1140
Actual Rent: 825
Max Rent: 825
Market Rent: 1250
# of Unit Types (9)
# of Units: 1
# of Bedrooms: 4
# Baths: 2
Style: I
Approx. SqFt: 1426
Actual Rent: 2144
Max Rent: 2144
Market Rent: 2500
# of Unit Types (10)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: J
Approx. SqFt: 1190
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1750
# of Unit Types (11)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: K
Approx. SqFt: 1496
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1750
Unit Summary
Total Units: 11
Average Unit Size: 1237.63
Average Actual Rent: 1168.09
Annualized: 154188
Total Actual Rent: 12849
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: 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
Zoning: R-1
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.