3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 (MLS# 1013743)


$2,495,000
3410 Thaxton (& 14,18,22,30,34,38) Avenue SE
Albuquerque, NM 87106
MLS# 1013743
Status: Pending
21420 sqft


3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106
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3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106 3410 Thaxton (& 14,18,22,30,34,38) Avenue SE, Albuquerque, NM 87106

Property Description
8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor. This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner. As the ask price of $2,495,000 and with an average rent of $712, the measures of investment performance include $89,107 per unit, $116.48 per square foot, a before reserves cap rates of 6.25%, and an after tax IRR of 14.00%. If rents are moved to market of $895, measure of investment performance improve to a cap rate of 8.04%

Details
Maps
Documents
Status Change Info
Pending Date: 2022-12-02
Contract Information
Listing Price: 2495000
Current Price: $2,495,000
List Price/SqFt: 116.48
On Market Date: 2022-05-02
Status: Pending
Allowance/Concession: No
Bank Owned: No
Location
Street #: 3410
Street Name: Thaxton (& 14,18,22,30,34,38)
St Suffix: Avenue
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2494
Geo Lat: 35.062619
Geo Lon: -106.607821
Area: 42 - UNM South
Zone Atlas: L16
City/County Data
UPC Code: 101605642115841016
Subdivision: Knob Heights
General Property Description
# of Units: 28
5+ Units: Yes
Units for Sale: 28
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 21420
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098.4
Directions: From I-25 and Gibson, east on Gibson, North to Carlisle, north to Thaxton, west to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 7
Year Built: 1963
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Five
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1885.84
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 231241
Operating Expenses: 95057
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 28
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 765
Actual Rent: 712
Max Rent: 895
Market Rent: 895
Unit Summary
Total Units: 28
Average Unit Size: 765
Average Actual Rent: 712
Annualized: 239232
Total Actual Rent: 19936
Property Features
Construction: Frame
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Washer H/U
Utilities: Electricity Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; 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; Shake
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional
Zoning: R-MH*

Listing Office: NM Apartment Advisors, Inc.

Last Updated: December - 02 - 2022


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