6214 Central Avenue SW, Albuquerque, NM 87105 (MLS# 1058851)

6214 Central Avenue SW, Albuquerque, NM 87105

$1,040,000

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Property Type: Commercial Sale Square Footage: 6,500 Lot Size (sq. ft.): 30,492 Status: Closed

Current Price: $1,040,000 List Date: 3/14/2024 Last Modified: 3/21/2024

Overview

Description

Fantastic opportunity,20 rental units,7 w/kitchenettes. Cable,HBO,ESPN,phone service. Manager's facilities over 2400sq ft-includes welcoming office,lvg room,3bd,2ba,lg kitchen, utility room with multiple washer/dryers,storage for linen,etc.2 car garage,lg storage area,garden ALL within wrought iron gate.This facility throws off BIG CASH daily and CURRENTLY has REGULAR Tenants.Every piece of furniture and equipment STAYS. You will LOVE to own this money maker!

Listing Details MLS# 1058851

Status Change Info

Pending Date: 2024-03-14
Closing Date: 2024-03-21

Contract Information

List Price/SqFt: 160

Location

Street #: 6214
Street Name: Central
St Suffix: Avenue
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 2037
Directions: From Coors and I-40 go south to Central, then east on Central to property.
MLS Area Major: 92 - Southwest Heights
Zone Atlas: K11
Freestanding: Yes

General Property Description

Property Sub-Type: Hotel/Motel
Living Area: 6500
SqFt Source: Floorplan
Acres: 0.7
Lot SqFt: 30492
Apx Lot Dim Front: 100
Apx Lot Dim Side: 230
Lot Size Source: Broker
Flood Zone: X
Total # Stories: Yes
# Parking Spaces: 30
Docks: No
Disability Access: Yes
HVAC: Yes
% Occupied: 70
Transaction Type: Sale
# of Docks: 0
Door Height: No

Income Expenses

Annual Gross Income: 400000

Miscellaneous

Land Ownership: Land Owned

More Information

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: 101105710627932533
Short Legal Desc: * 01B REPLAT OF LOT 1 YUCCA ADDITION NO 1
GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 4878.24

Construction Materials

Block: Yes
Stucco: Yes

Heating

2+ Units: Yes

Income & Expenses

Annual Oper Expenses: 100000
Lease Term/Months: No

Utilities

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

Lease Information

None: Yes

Docs/Data Available

Survey: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Zoning

C-2: Yes

Property Features

Location: Freestanding; Freestanding Construction Materials: Block; Stucco Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: 2+ Units Cooling: Evaporative Cooling Lease Information: None Finance Considered: Cash; Conventional Zoning: C-2

Listing Office: Keller Williams Realty

Last Updated: March - 21 - 2024

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.