105 - 148 General Arnold Street NE, 24, Albuquerque, NM 87123

$1,105,000
Property Type: Residential Income Square Footage: 16,467 Lot Size (sq. ft.): 7,405 Status: Closed
Current Price: $1,105,000 List Date: 4/25/2016 Last Modified: 8/16/2017

Overview

Description

Under Contract Taking Backup Offers Di Palma Portfolio: 24 units in 5 buildings. Beautifully maintained, exceptionally managed, great tenants, well screened. Seller would consider managing for new buyer. 6 X GROSS RENT MULTIPLIER! 10% CAP RATE ON EXISTING INCOME!! 15% CASH ON CASH WITH MANAGEMENT!!! PLEASE DO NOT DISTURB TENANTS!

Listing Details MLS# 864571

Status Change Info

Pending Date
2016-05-17
Closing Date
2016-07-29

Contract Information

List Price/SqFt
67.1
Allowance/Concession
No

Location

Street #
105 - 148
Street Name
General Arnold
St Suffix
Street
Post Direction
NE
Unit #
24
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87123
Zip +4
2537
MLS Area Major
50 - Northeast Heights
Zone Atlas
K20

CityCounty Data

Subdivision Name
Waggoman Denison Add

General Property Description

# of Units
24
5+ Units
Yes
Units for Sale
24
Property Sub-Type
Multi-Family
Living Area
16467
SqFt Source
Broker
Lot Size Source
Survey
Acres
0.17
Lot SqFt
7405.2
Directions
105, 132, 144 and 148 General Arnold NE: north of Central, east of Wyoming. 3440 Eastern SE: 1.5 blocks west of Carlisle, 2 blocks north of Gibson
Stories
2
Total Stories in Bldg
2
Total # of Buildings
5
Year Built
1980
Year Built Exception
Unknown
Age
31 - 40
# Parking Spaces
36
Disability Access
Unknown
LBP Disclosure
No
Builder
UNKNOWN
Owner Occupant Unit
No
Multiple Lots
Five

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
Yes

# of Unit Types (1)

# of Units
24
# of Bedrooms
44
# Baths
24
Approx. SqFt
686
Actual Rent
639
Max Rent
639
Market Rent
639

Unit Summary

Total Units
24
Average Unit Size
686
Average Actual Rent
639
Annualized
184032
Total Actual Rent
15336

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
102005710111631036

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
2804.54

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Balconies/Deck
Yes
Enclosed Yard
Yes
Laundry Community
Yes
Outside Lights
Yes
Owners Unit
Yes
Storage
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Central
Yes
Electric
Yes
Forced Air
Yes
Gas
Yes

Owner Pays

Maintenance
Yes
Sewer
Yes
Some Utilities
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Trash Removal
Yes

Income & Expenses

Annual Gross Income
183948

Appliances included

Dishwasher
Yes
Free-Standing Electric Range
Yes
Range Hood
Yes
Refrigerator
Yes

Utilities

All City
Yes
Electric
Yes
Natural Gas
Yes
Sewer Available
Yes

Trade/Xch Terms

Trade for Other RE
Yes

Miscellaneous Info

No Sign
Yes
Package
Yes
Pets Limited
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Operating Expenses

Call Listing Broker
Yes
Insurance
Yes
Property Management
Yes
Property Taxes
Yes
Repairs/Maintenance
Yes
Supplies
Yes
Utilities
Yes

Parking

1.5 Spaces Per Unit
Yes

Roof

Flat
Yes
Pitched
Yes
Shingle
Yes
Tar Gravel
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Call Listing Broker
Yes
Current Lse Agreemnt
Yes
Deposits
Yes
Late Fees
Yes
Month To Month
Yes
Pet Deposit
Yes
Rental History Avail
Yes
Yearly Lease
Yes

Source

Actual Record
Yes
Owner Provided
Yes

Zoning

R-3
Yes

Property Features

Construction Materials: Frame; Stucco Amenities: Balconies/Deck; Enclosed Yard; Laundry Community; Outside Lights; Owners Unit; Storage Appliances included: Dishwasher; Free-Standing Electric Range; Range Hood; Refrigerator Utilities: All City; Electric; Natural Gas; Sewer Available Heating: Central; Electric; Forced Air; Gas Cooling: Evaporative Cooling Flooring: Carpet; Tile Miscellaneous Info: No Sign; Package; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Call Listing Broker; Insurance; Property Management; Property Taxes; Repairs/Maintenance; Supplies; Utilities Owner Pays: Maintenance; Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas; Trash Removal Parking: 1.5 Spaces Per Unit Roof: Flat; Pitched; Shingle; Tar Gravel Rental Info: Call Listing Broker; Current Lse Agreemnt; Deposits; Late Fees; Month To Month; Pet Deposit; Rental History Avail; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided Zoning: R-3

Documents

Listing Office: Metro Commercial Realty, Inc.
Last Updated: August - 16 - 2017
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.

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