3800 FLORA VISTA Avenue SW, Albuquerque, NM 87121

$1,690,000
Property Type: Residential Income Lot Size (sq. ft.): 47,916 Status: Closed
Current Price: $1,690,000 List Date: 8/05/2022 Last Modified: 10/27/2022

Overview

Description

Opportunity!! Great Muti Family Apartment Complex! First time for sale in 23 years! Close to shopping and schools! 22 Units comprising Two Studio Apartments, Four 1 bed/1 bath and 16 2 bed/1 bath units! Well maintained! Gated owner's storage area! Abundance of parking, nice layout with primarily single story units! Do not disturb tenants, offers subject to inspection! Hurry!!

Listing Details MLS# 1020417

Status Change Info

Pending Date
2022-08-12
Closing Date
2022-10-25

Location

Street #
3800
Street Name
FLORA VISTA
St Suffix
Avenue
Post Direction
SW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87121
Zip +4
5168
MLS Area Major
92 - Southwest Heights
Zone Atlas
N10

General Property Description

# of Units
22
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
1.1
Lot SqFt
47916
Directions
North on Coors from Rio Bravo* West on Flora Vista* 3800 Flora Vista SW
Stories
Yes
Total # of Buildings
3
Year Built
1979
Age
51 - 60
# Parking Spaces
40
Disability Access
Unknown
LBP Disclosure
No
Builder
Barboa
Owner Occupant Unit
Yes
Flood Zone
X

Basement

Basement
No

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
16
# of Bedrooms
2
# Baths
Yes
Style
Two bed / Two Bath
Approx. SqFt
650
Actual Rent
695
Max Rent
825
Market Rent
825

# of Unit Types (2)

# of Units
4
# of Bedrooms
Yes
# Baths
Yes
Style
One bed/ One bath
Approx. SqFt
550
Actual Rent
695
Max Rent
750
Market Rent
750

# of Unit Types (3)

# of Units
2
# Baths
Yes
Style
Studio
Approx. SqFt
400
Actual Rent
425
Max Rent
575
Market Rent
575

Unit Summary

Total Units
22
Average Unit Size
609.09
Average Actual Rent
670.45
Annualized
177000
Total Actual Rent
14750

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101005339752110415

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
9562.42

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Some Landscaping
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Central
Yes
Forced Air
Yes
Wall Unit
Yes

Owner Pays

Sewer
Yes
Some Utilities
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Build Description

Resale
Yes

Appliances included

Disposal
Yes
Free-Standing Gas Range
Yes
Refrigerator
Yes

Utilities

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

Electric Provider

Public Utility
Yes

Electric

None
Yes

Miscellaneous Info

No Sign
Yes

Metering

Individual Electric
Yes
Individual Gas
Yes

Operating Expenses

All
Yes

Parking

1.5 Spaces Per Unit
Yes

Roof

Pitched
Yes
Shingle
Yes

Finance Considered

Cash
Yes
Other - See Remarks
Yes

Rental Info

Current Lse Agreemnt
Yes
Month To Month
Yes
Rental History Avail
Yes

Source

Owner Provided
Yes

Zoning

MX-L*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Disposal; Free-Standing Gas Range; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Tile Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: All Owner Pays: Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1.5 Spaces Per Unit Roof: Pitched; Shingle Rental Info: Current Lse Agreemnt; Month To Month; Rental History Avail Finance Considered: Cash; Other - See Remarks Source: Owner Provided Zoning: MX-L*
Listing Office: Brokerage of New Mexico
Last Updated: October - 27 - 2022
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