1115 Mckay Street, Carlsbad, NM 88220

$1,098,000
Property Type: Residential Income Square Footage: 6,584 Lot Size (sq. ft.): 13,939 Status: Closed
Current Price: $1,098,000 List Date: 5/21/2024 Last Modified: 10/05/2024

Overview

Description

They contains 4 well-apportioned 2 bedroom / 1 bath in each apartment building pragmatically updated inside and out. Recently remodeled units feature open floorplans with large eat-in kitchens, living areas with woodburning fireplaces, and bedrooms with plenty of storage - all complimented by custom woodwork and quality, hardy contemporary finishes throughout. Add all that to updated thermal windows, a new 30-year roof, upgraded stucco and paint, and a new common laundry room, and you've got a turnkey investment that will allow the next owner to truly reap the benefits of one of New Mexico's fastest growing and appreciating real estate markets (without the headache of inheriting deferred maintenance and urgent projects with no upside). Carlsbad continues to grow exponentiall

Listing Details MLS# 1063594

Status Change Info

Pending Date
2024-09-01
Closing Date
2024-10-04

Contract Information

List Price/SqFt
166.77
Allowance/Concession
No

Location

Street #
1115
Street Name
Mckay
St Suffix
Street
County
Eddy
City/Town Code
Carlsbad
State/Province
NM
Zip Code
88220
Zip +4
4496
MLS Area Major
440 - Eddy
Zone Atlas
NOZA

CityCounty Data

Subdivision Name
Powers

General Property Description

# of Units
8
5+ Units
Yes
Units for Sale
8
Property Sub-Type
Multi-Family
Living Area
6584
Lot Size Source
On-Line
Acres
0.32
Lot SqFt
13939
Directions
From Main and McKay west to property
Stories
2
Total Stories in Bldg
2
Total # of Buildings
2
Year Built
2003
Age
21 - 30
Accessory Dwelling Unit
No
Disability Access
Unknown
LBP Disclosure
No
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
Two
Flood Zone
X

Cooling

Centrally Ducted
Yes
Evaporative Cooling
Yes

More Information

Basement

Basement
No

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
8
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
823
Actual Rent
1125
Max Rent
1150
Market Rent
1286

Unit Summary

Total Units
8
Average Unit Size
823
Average Actual Rent
1125
Annualized
108000
Total Actual Rent
9000

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
4156127445180

Tax & Legal Info

GRT Code
03-106
Tax Exemption
Unknown
Tax Annual Amount
957.8

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

No Landscaping
Yes

Flooring

Tile
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Income & Expenses

Annual Gross Income
102060
Operating Expenses
31465

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Green Energy Generation

None
Yes

Electric Provider

Public Utility
Yes

Miscellaneous Info

No Sign
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Parking

Paved
Yes

Roof

Positive Pitched
Yes
Shingle
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Rental Info

Other - See Remarks
Yes

Zoning

R-2
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Paved Roof: Positive Pitched; Shingle Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; FHA; VA Zoning: R-2

Documents

Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 05 - 2024
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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