2501 BARCELONA Road SW, Albuquerque, NM 87105 (MLS# 1014495)

Overview

Description

Excellent returns on this 13 unit Multi-Unit property. This Multi-Unit is composed of: 11- 2 bedroom/1bath units. 1- 3 bedroom/2 bath with W/D Hook Up unit. 1- 3 Bedroom/1 Bathroom with W/D Hook Up, Stand Alone Casita, ideal for Manager/Owner occupancy. Each of the units counts with a 30x30 fenced back yard. This money maker sits on approximately 1 acre lot with potential to build additional units to increase returns. And a separate building with a coin operated laundry area and an enlarged space for all your storage needs. For Annual Property Operating Data please see documents attached or call brokers: Edgar Delgadillo: 505-227-6964 This is a great investment property with great cash on cash returns. **For Showings please call listing broker** **Please do not dist

Status Change Info

Pending Date: 2022-06-06
Closing Date: 2022-07-08

Location

Street #: 2501
Street Name: BARCELONA
St Suffix: Road
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 5691
MLS Area Major: 90 - Near South Valley
Zone Atlas: N11

General Property Description

# of Units: 13
5+ Units: Yes
Property Sub-Type: Multi-Family
Lot Size Source: On-Line
Acres: 0.99
Lot SqFt: 43124.4
Directions: South on Coors Blvd to Barcelona. East turn on Barcelona Rd. Property is located approximately one mile from Coors/Barcelona Intersection on the North Side of the Road.
Stories: Yes
Total # of Buildings: 4
Year Built: 1961
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Basement

Basement: No

Sales Info

Trade/Xch Considered: Yes

More Information

# of Unit Types (1)

# of Units: 5
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 675
Max Rent: 850
Market Rent: 850

# of Unit Types (2)

# of Units: 5
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 700
Max Rent: 850
Market Rent: 850

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 800
Max Rent: 850
Market Rent: 850

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1280
Actual Rent: 760
Max Rent: 1000
Market Rent: 1000

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: 3
# Baths: Yes
Approx. SqFt: 1100
Actual Rent: 760
Max Rent: 1000
Market Rent: 1000

Unit Summary

Total Units: 13
Average Unit Size: 775.38
Average Actual Rent: 707.3
Annualized: 110340
Total Actual Rent: 9195

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101105440006141205

Tax & Legal Info

GRT Code: 02-002
Tax Exemption: No
Tax Annual Amount: 4092.32

Construction Materials

Block: Yes
Frame: Yes
Stucco: Yes

Amenities

Enclosed Yard: Yes
Laundry Equip. Owned: Yes
No Landscaping: Yes
Outside Lights: Yes
Wshr/Dryr HU in Unit: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Sewer: Yes
Some Utilities: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Other - See Remarks: Yes

Build Description

Resale: Yes

Appliances included

Built-In Gas Range: Yes
Dishwasher: Yes
Dryer: Yes
Dryer H/U: Yes
Refrigerator: Yes
Washer: Yes
Washer H/U: Yes

Utilities

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

Trade/Xch Terms

Trade for Other RE: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Zoning

RM-1: Yes

Property Features

Construction Materials: Block; Frame; Stucco Build Description: Resale Amenities: Enclosed Yard; Laundry Equip. Owned; No Landscaping; Outside Lights; Wshr/Dryr HU in Unit Appliances included: Built-In Gas Range; Dishwasher; Dryer; Dryer H/U; Refrigerator; Washer; Washer H/U Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl Electric Provider: Public Utility Electric: None Owner Pays: Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: RM-1