1320 DR MARTIN LUTHER KING JR Avenue NE, Albuquerque, NM 87106 (MLS# 1023710)

Status Change Info

Pending Date: 2022-10-10
Closing Date: 2022-11-15

Contract Information

List Price/SqFt: 242.54
Allowance/Concession: No

Location

Street #: 1320
Street Name: DR MARTIN LUTHER KING JR
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 4640
MLS Area Major: 40 - UNM
Zone Atlas: K15

CityCounty Data

Subdivision Name: N/A

General Property Description

# of Units: 12
5+ Units: Yes
Units for Sale: 12
Property Sub-Type: Multi-Family
Living Area: 4020
SqFt Source: Professional
Apx Lot Dim Front: N/A
Addl Lot Dim: N/A
Apx Lot Dim Side: N/A
Lot Description: Flat
Lot Size Source: On-Line
Acres: 0.22
Lot SqFt: 9583.2
Directions: Take Dr. Martin Luther King Jr. Ave. east from I-25 to past Spruce St. and property will be on south side of street.
Stories: 2
Total # of Buildings: Yes
Year Built: 1978
Year Built Exception: Unknown
Age: 41 - 50
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 12
# Baths: Yes
Style: Studio
Approx. SqFt: 325
Actual Rent: 562
Max Rent: 625
Market Rent: 625

Unit Summary

Total Units: 12
Average Unit Size: 325
Average Actual Rent: 562
Annualized: 80928
Total Actual Rent: 6744

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101505725441022907

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 1893.76

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Outside Lights: Yes
Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Wall Unit: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 84372
Operating Expenses: 28405

Build Description

Resale: Yes

Appliances included

Free-Standing Gas Range: Yes
Refrigerator: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Parking

1 Space Per Unit: Yes

Roof

Flat: Yes
TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Rental Info

Call Listing Broker: Yes

Zoning

R-T*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Outside Lights; Some Landscaping Appliances included: Free-Standing Gas Range; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Vinyl Electric Provider: Public Utility Electric: None Metering: Individual Electric; Individual Gas Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1 Space Per Unit Roof: Flat; TPO (G) Rental Info: Call Listing Broker Finance Considered: Cash; Conventional; FHA; VA Zoning: R-T*