902 11th Street NW, Albuquerque, NM 87102
$537,385
Property Type:
Residential Income
Square Footage:
3,600
Lot Size (sq. ft.):
14,375
Status:
Closed
Current Price:
$537,385
List Date:
12/01/2023
Last Modified:
4/12/2024
Description
Located in the downtown/old town trade area and about halfway between the Civic Plaza and Old Town's plaza.
Located on the east side of 11th street, this three unit, contains a large 3 bedroom, 2 bathroom house + 2 smaller units and a garage the rear. The rear duplex has direct alley access and its own off street parking. The residences offer hardwood floors, attractive layouts, semi-private yard spaces and the property is covered in lush landscaping.
At the current average rents of $1,315, and an ask price of $537,385 the measures of investment performance include a price per unit of $179,128, price per square foot of $149.27, a GRM of 11.35, an after reserves cap rate of 6.35%, and an after-tax IRR of 16.30%.
Full inspections are available once buyer completes online conf agre
More Information MLS# 1042844
Status Change Info
Pending Date: 2024-02-12
Closing Date: 2024-04-12
Contract Information
Listing Price: 537385
Current Price: $537,385
List Price/SqFt: 149.27
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 902
Street Name: 11th
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 1889
Geo Lat: 35.09414
Geo Lon: -106.657419
Area: 80 - Downtown Area
Zone Atlas: J13
City/County Data
UPC Code: 101305851324544939
Subdivision: Midvale Subdivision
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 3600
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.33
Lot SqFt: 14374.8
Directions: From I-40 and 12th street north to Mountain, east to 11th, south to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 3
Year Built: 1929
Age: 81 - 99
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3672.26
Tax Exemption: No
Basement
Basement: Yes
Bsmt Overall SqFt: 100
Income & Expenses
Annual Gross Income: 39216
Operating Expenses: 10470
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 2500
Actual Rent: 1595
Max Rent: 1595
Market Rent: 2100
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 950
Max Rent: 950
Market Rent: 1050
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 895
Max Rent: 950
Market Rent: 1050
Unit Summary
Total Units: 3
Average Unit Size: 1200
Average Actual Rent: 1146.66
Annualized: 41280
Total Actual Rent: 3440
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some 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: Tile; Vinyl; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Garage; Guest Parking; Other Parking
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Source: Actual Record; Broker Provided; Owner Provided
Zoning: R-1A*
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: April - 12 - 2024
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