5431 Central Avenue NW, Albuquerque, NM 87105 (MLS# 919044)

5431 Central Avenue NW, Albuquerque, NM 87105

$800,000

Property Type: Residential Income Lot Size (sq. ft.): 35,284 Status: Closed

Current Price: $800,000 List Date: 5/18/2018 Last Modified: 8/01/2018

Overview

Description

Incredible opportunity with 34 units in 6 buildings which includes 1 commercial building with a tattoo parlor as tenant (There are two addresses 5431 Central NW and 5602 Central SW that are part of this listing). There is also an additional building being used for storage and workshop. The property boasts a cap rate of 13.50%. There are 9 studios w/o stove; 16 studios with stove; 2 larger studios; 2 2BR 1BA; 4 1BR 1BA; 1 commercial space. Owner financing is possible.

Listing Details MLS# 919044

Currently Not Used

Bank Owned: No

Location

Zip +4: 1878
Zone Atlas: K11

General Property Description

Property Sub-Type: Multi-Family
Acres: 0.81
Lot SqFt: 35283.6
Lot Size Source: On-Line
Stories: Yes
Builder: Unknown
Disability Access: Unknown
Age: 61 - 70
LBP Disclosure: Yes
# of Units: 34
5+ Units: Yes
Directions: From I-40 and Coors, go south on Coors to Central. Turn left (east) on central to 5431 Central NE on the north side of Coors and 5602 Central SW on the south side of Coors.
Total # of Buildings: 6
Owner Occupant Unit: No

City/County Data

UPC Code: 101105730236710903

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 4721.64

Construction Materials

Frame: Yes
Stucco: Yes

More Information

Amenities

No Landscaping: Yes

Cooling

Evaporative Cooling: Yes
Varies by Unit: Yes

Flooring

No Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Wall Unit: Yes

Owner Pays

Electric: Yes
Gas: Yes
Maintenance: Yes
Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

None: Yes

Build Description

Resale: Yes

Appliances included

Free-Standing Gas Range: Yes
Refrigerator: Yes

Utilities

All City: Yes
Electric: Yes
Natural Gas: Yes
Sewer Available: Yes

Sales Info

Trade/Xch Considered: Yes

Basement

Basement YN: No

Trade/Xch Terms

Trade for Other RE: Yes
Trade for Pers Prop: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Yearly Lease: Yes

# of Unit Types (1)

# of Units: 9
# Baths: 1
Approx. SqFt: 200
Actual Rent: 425
Max Rent: 425
Market Rent: 425

# of Unit Types (2)

# of Units: 16
# Baths: 1
Approx. SqFt: 250
Actual Rent: 500
Max Rent: 500
Market Rent: 500

# of Unit Types (3)

# of Units: 2
# Baths: 1
Approx. SqFt: 300
Actual Rent: 575
Max Rent: 575
Market Rent: 575

# of Unit Types (4)

# of Units: 2
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 400
Actual Rent: 650
Max Rent: 650
Market Rent: 650

# of Unit Types (5)

# of Units: 4
# of Bedrooms: Yes
# Baths: 1
Approx. SqFt: 550
Actual Rent: 600
Max Rent: 600
Market Rent: 600

# of Unit Types (6)

# of Units: Yes
# Baths: 1
Approx. SqFt: 1000
Actual Rent: 825
Max Rent: 825
Market Rent: 825

Unit Summary

Total Units: 34
Average Unit Size: 305.88
Average Actual Rent: 514.7
Annualized: 210000
Total Actual Rent: 17500

Zoning

MX-M*: Yes

Documents

Lead Based Paint ›

Plat/Map Survey ›

Tax Levy Disclosure ›

Additional Prop Info ›

Listing Office: Realty Specialists Group

Last Updated: August - 01 - 2018

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