5120 Eastern + 3 fourplexes, Albuquerque, NM 87108 (MLS# 853703)

5120 Eastern + 3 fourplexes, Albuquerque, NM 87108

$847,000

Property Type: Residential Income Square Footage: 13,490 Lot Size (sq. ft.): 34,412 Status: Closed

Current Price: $847,000 List Date: 11/11/2015 Last Modified: 2/18/2017

Overview

Description

Rare opportunity to acquire a piece of NM history from the developer who built the world largest free standing wood structure (the Trestle). What is the Trestle you ask? It is the world largest free standing wood structure containing 6.5 million board feet in a structure that is 12 stories tall and 1,000 feet long. Built in the early 1970s for $58M, this structure is part of our cold war history. The designer and developer of the Trestle also built his dream apartments at 5116, 5120 Eastern and 1309, 1315 Madeira SE which he owner occupied. These 16 units (4 x fourplexes) were developed by Dr. Carl Baum as his primary residence while he worked on Kirtland base for the Air Force as a world recognized expert on electromagnetic pulse phenomena.

Listing Details MLS# 853703

Status Change Info

Pending Date: 2015-12-23
Closing Date: 2016-06-16

Contract Information

List Price/SqFt: 62.79
Allowance/Concession: No

Location

Street #: 5120
Street Name: Eastern + 3 fourplexes
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L18

CityCounty Data

Subdivision Name: Virginian ADdn

General Property Description

# of Units: 16
5+ Units: Yes
Units for Sale: 16
Property Sub-Type: Multi-Family
Living Area: 13490
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.79
Lot SqFt: 34412
Directions: From I-40 & I-25 south on I-25 to Gibson, east to San Mateo (and the famous Chevy on a Stick sculpture), north to Eastern east to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 4
Year Built: 1979
Year Built Exception: Unknown
Age: 31 - 40
Disability Access: Unknown
LBP Disclosure: No
Builder: Baum
Owner Occupant Unit: Yes
Multiple Lots: Four

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 2
# of Bedrooms: 3
# Baths: Yes
Style: Townhouse
Approx. SqFt: 1006
Actual Rent: 753
Max Rent: 850
Market Rent: 850

# of Unit Types (2)

# of Units: 14
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 852
Actual Rent: 583
Max Rent: 635
Market Rent: 636

Unit Summary

Total Units: 16
Average Unit Size: 871.25
Average Actual Rent: 604.25
Annualized: 116016
Total Actual Rent: 9668

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101805605105830212

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5135

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Wshr/Dryr HU in Unit: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes

Heating

Gas: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Some Utilities: Yes

Appliances included

Refrigerator: Yes

Utilities

All City: Yes

Roof

Flat: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes

Rental Info

Call Listing Broker: Yes

Zoning

R-2: Yes

Property Features

Construction Materials: Frame; Stucco Amenities: Wshr/Dryr HU in Unit Appliances included: Refrigerator Utilities: All City Heating: Gas Cooling: Evaporative Cooling Flooring: Carpet Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Some Utilities Roof: Flat Rental Info: Call Listing Broker Finance Considered: Cash; Conventional; FHA Zoning: R-2

Documents

APOD ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: February - 18 - 2017

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.