12361 Mountain Road NE, Albuquerque, NM 87112 (MLS# 1014056)


$948,597
12361 Mountain Road NE
Albuquerque, NM 87112
MLS# 1014056
4800 sqft


12361 Mountain Road NE, Albuquerque, NM 87112
  1 / 12  
12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112 12361 Mountain Road NE, Albuquerque, NM 87112

Property Description
Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play. At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,

Details
Maps
Documents
Contract Information
Listing Price: 948597
Current Price: $948,597
List Price/SqFt: 197.62
On Market Date: 2022-05-05
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 12361
Street Name: Mountain
St Suffix: Road
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87112
Zip +4: 5769
Geo Lat: 35.090584
Geo Lon: -106.509981
Area: 50 - Northeast Heights
Zone Atlas: J22
City/County Data
UPC Code: 102205815716130811
Subdivision: Royal Heights Subdivision
General Property Description
# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: 8 Units
Apx Structured SqFt: 4800
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.27
Lot SqFt: 11761.2
Directions: From I-40 and Tramway - north to Lomas, west to Chelwood, North to Mountain, west to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 3
Year Built: 1977
Age: 41 - 50
# Parking Spaces: 8
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2885.78
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 78504
Operating Expenses: 28703
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 6
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 771
Max Rent: 850
Market Rent: 850
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 750
Actual Rent: 868
Max Rent: 950
Market Rent: 1050
Unit Summary
Total Units: 8
Average Unit Size: 600
Average Actual Rent: 795.25
Annualized: 76344
Total Actual Rent: 6362
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: Refrigerated
Flooring: Vinyl
Electric Provider: Public Utility
Green Energy Electric: None
Miscellaneous Info: No Sign
Metering: Other - See Remarks
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Zoning: MX-L*

Listing Office: NM Apartment Advisors, Inc.

Last Updated: May - 11 - 2022


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.