Albuquerque, NM 87105
$850,000
Property Type:
Residential Income
Square Footage:
7,950
Lot Size (sq. ft.):
20,909
Status:
Closed
Current Price:
$850,000
List Date:
6/15/2022
Last Modified:
7/15/2022
Description
12 unit Apartment complex located just west of the Rio Grande, old town, bio park and historical landmarks! built in 1980, each unit has been updated, Newer appliances, 1 bedroom and 2 bedroom units w/parking, rented for $650 to $800 for the largest 2 bedroom(3 one bedrooms & 9 2 bedrooms) all single story , some units have new roof, new water heaters, individually metered, swamp coolers all replaced within 4 years ( except units 3 and 4) connecting units are 5 thru 9, all have stoves & refrigerators, storage has dryer/washer hook up & must do laundry off site. 2 units need TLC and are being used for storage therefore once renovated, new tenants could move in ( 2 bedroom units) market rent $725 -$750 largest unit is apartment #9..OWNER FINANCING AVAILABLE, CALL FOR PRIVATE SHOWING!
More Information MLS# 1016935
Status Change Info
Pending Date: 2022-06-23
Closing Date: 2022-07-14
Contract Information
Listing Price: 850000
Current Price: $850,000
List Price/SqFt: 106.92
Status: Closed
Bank Owned: No
Location
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 1670
Area: 80 - Downtown Area
Zone Atlas: K12
City/County Data
UPC Code: 101205723650621503
Subdivision: NEW BRIDGE ACRES
General Property Description
# of Units: 12
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 7950
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.48
Lot SqFt: 20908.8
Directions: HEAD WEST ON S PLAZA ST NW TOWARD RIO GRANDE BLVD NW TURN LEFT ONTO RIO GRANDE BLVD NW. TURN RIGHT ONTO CENTRAL AVE NW/US ROUTE 66. CONTINUE STRAIGHT TO STAY ON CENTRAL AVE NW/US ROUTE 66 TURN RIGHT ONTO 40TH STREET . THE PROPERTY WILL BE ON THE LEFT, ACROSS FROM ''MONTE CARLO'' STEAKHOUSE
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 8
Year Built: 1981
Age: 41 - 50
# Parking Spaces: 24
Disability Access: Yes
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3289.76
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 78000
Operating Expenses: 12608
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 9
# of Bedrooms: 2
# Baths: 1
Style: Bungalow
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 800
Market Rent: 750
# of Unit Types (2)
# of Units: 3
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 650
Market Rent: 750
Unit Summary
Total Units: 12
Average Unit Size: 650
Average Actual Rent: 650
Annualized: 93600
Total Actual Rent: 7800
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping; Tenant Storage
Appliances included: Frestnd Elec Stv/Ovn; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Laminate; Tile; Vinyl
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: Hstrc Reg Ldmk/Ovrly; No Sign
Metering: Individual Electric; Master Gas
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 2+Spaces Per Unit; Guest Parking
Roof: Composition
Rental Info: Deposits; Month To Month
Finance Considered: Cash; Conventional; Owner Financing
Source: Owner Provided
Zoning: MX-M*
Listing Office: Keller Williams Realty
Last Updated: July - 15 - 2022
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