5613 CENTRAL Avenue NW, Albuquerque, NM 87105 (MLS# 1017861)

Overview

Description

**Under Contract Taking Backup** Offers. OWNER FINANCING IS AVAILABLE. Located along historic Route 66 and across from City of Albuquerque Fire Station #7, this property provides convenience to tenants utilizing ART Rapid Transit. It experienced a complete remodel in 2019. This included a new roof, some new plumbing, electrical, paint & stucco, heaters and coolers in all units and new kitchenettes in all units. Current below-market rents provide huge upside to new ownership. Income/Expense information can be found in Documents Section of the listing.

Status Change Info

Pending Date: 2022-07-05
Closing Date: 2022-09-01

Contract Information

List Price/SqFt: 142.86

Location

Street #: 5613
Street Name: CENTRAL
St Suffix: Avenue
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
MLS Area Major: 111 - Ladera Heights
Zone Atlas: K11

General Property Description

# of Units: 19
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 6300
Lot Size Source: On-Line
Acres: 0.36
Lot SqFt: 15681.6
Directions: From Coors and Central, take Coors East until 57th Street.
Stories: Yes
Total # of Buildings: 2
Year Built: 1940
Age: 81 - 99
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: 10
# Baths: Yes
Style: Studio
Approx. SqFt: 490
Actual Rent: 581
Max Rent: 665
Market Rent: 665

# of Unit Types (2)

# of Units: 9
# Baths: Yes
Style: Studio
Approx. SqFt: 156
Actual Rent: 454
Max Rent: 545
Market Rent: 550

Unit Summary

Total Units: 19
Average Unit Size: 331.78
Average Actual Rent: 520.84
Annualized: 118752
Total Actual Rent: 9896

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101105727135910901

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 3869.32

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Outside Lights: Yes

Cooling

Refrigerated: Yes

Flooring

Tile: Yes

Heating

Ductless: Yes

Owner Pays

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

Tenant Pays

None: Yes

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

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

Electric Provider

Public Utility: Yes

Electric

None: Yes

Metering

All Master Metering: Yes

Parking

Paved: Yes

Roof

TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes
Owner Financing: Yes

Rental Info

Call Listing Broker: Yes
Other - See Remarks: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Outside Lights Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Ductless Cooling: Refrigerated Flooring: Tile Electric Provider: Public Utility Electric: None Metering: All Master Metering Owner Pays: Electric; Gas; Maintenance; Parking; Sewer; Trash Removal; Water Tenant Pays: None Parking: Paved Roof: TPO (G) Rental Info: Call Listing Broker; Other - See Remarks Finance Considered: Cash; Conventional; FHA; Owner Financing Zoning: MX-M*