912-936 San Pedro Drive SE, Albuquerque, NM 87108

$2,500,000
Property Type: Residential Income Lot Size (sq. ft.): 49,153 Status: Closed
Current Price: $2,500,000 List Date: 8/25/2021 Last Modified: 4/11/2023

Overview

Description

Excellent property management in place for smooth transition of ownership. Many units recently remodeled in 2020. A total of seven contiguous fourplex buildings, combined for 28 multi-family units with stable tenancy and positive cash flow in place. Private gated courtyards with storage adjacent to each building with plenty of greenery from trees and resident grown vegetable and flower gardens. Locking entry gates at each end of the courtyards provide privacy and security. Low maintenance properties with everything in place, including professional management and pre-qualified tenancy. Includes a total of seven 1-bedroom 1-bath units and twenty-one 2-bedroom 1-bath units. All units have washer and dryer hookups inside.

Listing Details MLS# 999691

Status Change Info

Pending Date
2022-01-04
Closing Date
2022-03-28

Location

Street #
912-936
Street Name
San Pedro
St Suffix
Drive
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
4843
MLS Area Major
71 - Southeast Heights
Zone Atlas
L18

General Property Description

# of Units
28
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
Survey
Acres
1.13
Lot SqFt
49153
Directions
San Pedro and Anderson
Stories
Yes
Total # of Buildings
7
Year Built
1977
Age
41 - 50
Disability Access
Unknown
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
7
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
562
Actual Rent
556
Max Rent
770
Market Rent
650

# of Unit Types (2)

# of Units
21
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
780
Actual Rent
643
Max Rent
750
Market Rent
700

Unit Summary

Total Units
28
Average Unit Size
725.5
Average Actual Rent
621.25
Annualized
208740
Total Actual Rent
17395

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101805627220642503

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
2049.6

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Private Patios
Yes
Storage
Yes
Wshr/Dryr HU in Unit
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Laminate
Yes
Tile
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Build Description

Resale
Yes

Appliances included

Dishwasher
Yes
Fan/Hood
Yes
Free-Standing Electric Range
Yes
Microwave
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

Parking

1 Space Per Unit
Yes
Paved
Yes

Roof

TPO (G)
Yes

Finance Considered

Cash
Yes
Other - See Remarks
Yes

Rental Info

Call Listing Broker
Yes

Zoning

MX-L*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Private Patios; Storage; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Fan/Hood; Free-Standing Electric Range; Microwave; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Laminate; Tile Electric Provider: Public Utility Electric: None Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: 1 Space Per Unit; Paved Roof: TPO (G) Rental Info: Call Listing Broker Finance Considered: Cash; Other - See Remarks Zoning: MX-L*

Documents

Listing Office: 360 Ventures Real Estate
Last Updated: April - 11 - 2023
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.

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