12824 Skyline Road NE, Albuquerque, NM 87123

$975,000
Property Type: Residential Income Square Footage: 11,400 Lot Size (sq. ft.): 45,302 Status: Closed
Current Price: $975,000 List Date: 5/17/2019 Last Modified: 1/07/2020

Overview

Description

BRAND NEW Roof in June 2019!!!Fantastic opportunity to own a value add property in NE Albuquerque. This Single Story, 16 unit complex consists of 4 buildings all facing an interior grass filled courtyard complete with Gazeebo and 2 Grills for gatherings. Job Growth and Employment remain steady and growing with the recent additions of Netflix, Facebook Data center, and Intel announced 300 new jobs recently. Near Kirtland AFB for easy military access. This property is near bus lines, shopping, dining, as well as hiking and biking.

Listing Details MLS# 944814

Status Change Info

Pending Date
2019-10-14
Closing Date
2019-12-31

Contract Information

List Price/SqFt
85.53
Allowance/Concession
No

Location

Street #
12824
Street Name
Skyline
St Suffix
Road
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87123
Zip +4
3005
MLS Area Major
50 - Northeast Heights
Zone Atlas
L22

CityCounty Data

Subdivision Name
Canyon Acres K-1

General Property Description

# of Units
16
5+ Units
Yes
Property Sub-Type
Multi-Family
Living Area
11400
Lot Size Source
On-Line
Acres
1.04
Lot SqFt
45302.4
Directions
North on Juan Tabo from Central. East on Skline Rd to end of road. Last complex on South side of road.
Stories
Yes
Total Stories in Bldg
Yes
Total # of Buildings
4
Year Built
2003
Age
16 - 20
# Parking Spaces
24
Disability Access
Unknown
LBP Disclosure
No
Builder
Curry
Owner Occupant Unit
No

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
12
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
750
Actual Rent
631
Max Rent
675
Market Rent
695

# of Unit Types (2)

# of Units
4
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
600
Actual Rent
591
Max Rent
650
Market Rent
600

Unit Summary

Total Units
16
Average Unit Size
712.5
Average Actual Rent
621
Annualized
119232
Total Actual Rent
9936

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
102205625852010706

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
11348.38

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Laundry Equip. Owned
Yes
Outside Lights
Yes
Some Landscaping
Yes
Sprinklers
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Laminate
Yes
Vinyl
Yes

Heating

Central
Yes
Forced Air
Yes
Wall Unit
Yes

Owner Pays

Sewer
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Income & Expenses

Annual Gross Income
108868
Operating Expenses
51159

Build Description

Resale
Yes

Appliances included

Dishwasher
Yes
Free-Standing Electric Range
Yes
Refrigerator
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Water Connected
Yes

Electric Provider

Public Utility
Yes

Miscellaneous Info

No Sign
Yes
Pets Limited
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Operating Expenses

Other - See Remarks
Yes

Parking

1 Garage
Yes
1.5 Spaces Per Unit
Yes
Paved
Yes

Roof

Pitched
Yes
Shingle
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

6 Month
Yes
Deposits
Yes
Late Fees
Yes
Month To Month
Yes
Pet Deposit
Yes
Yearly Lease
Yes

Source

Actual Record
Yes
Owner Provided
Yes

Zoning

R-MH*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Laundry Equip. Owned; Outside Lights; Some Landscaping; Sprinklers Appliances included: Dishwasher; Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Laminate; Vinyl Electric Provider: Public Utility Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Other - See Remarks Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1 Garage; 1.5 Spaces Per Unit; Paved Roof: Pitched; Shingle Rental Info: 6 Month; Deposits; Late Fees; Month To Month; Pet Deposit; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided Zoning: R-MH*
Listing Office: Realty One of New Mexico
Last Updated: January - 07 - 2020
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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