, Albuquerque, NM 87105 (MLS# 1016935)

Overview

Description

12 unit Apartment complex located just west of the Rio Grande, old town, bio park and historical landmarks! built in 1980, each unit has been updated, Newer appliances, 1 bedroom and 2 bedroom units w/parking, rented for $650 to $800 for the largest 2 bedroom(3 one bedrooms & 9 2 bedrooms) all single story , some units have new roof, new water heaters, individually metered, swamp coolers all replaced within 4 years ( except units 3 and 4) connecting units are 5 thru 9, all have stoves & refrigerators, storage has dryer/washer hook up & must do laundry off site. 2 units need TLC and are being used for storage therefore once renovated, new tenants could move in ( 2 bedroom units) market rent $725 -$750 largest unit is apartment #9..OWNER FINANCING AVAILABLE, CALL FOR PRIVATE SHOWING!

Status Change Info

Pending Date: 2022-06-23
Closing Date: 2022-07-14

Contract Information

List Price/SqFt: 106.92

Location

City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 1670
MLS Area Major: 80 - Downtown Area
Zone Atlas: K12

CityCounty Data

Subdivision Name: NEW BRIDGE ACRES

General Property Description

# of Units: 12
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 7950
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.48
Lot SqFt: 20908.8
Directions: HEAD WEST ON S PLAZA ST NW TOWARD RIO GRANDE BLVD NW TURN LEFT ONTO RIO GRANDE BLVD NW. TURN RIGHT ONTO CENTRAL AVE NW/US ROUTE 66. CONTINUE STRAIGHT TO STAY ON CENTRAL AVE NW/US ROUTE 66 TURN RIGHT ONTO 40TH STREET . THE PROPERTY WILL BE ON THE LEFT, ACROSS FROM ''MONTE CARLO'' STEAKHOUSE
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: 8
Year Built: 1981
Age: 41 - 50
# Parking Spaces: 24
Disability Access: Yes
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 9
# of Bedrooms: 2
# Baths: Yes
Style: Bungalow
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 800
Market Rent: 750

# of Unit Types (2)

# of Units: 3
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 650
Market Rent: 750

Unit Summary

Total Units: 12
Average Unit Size: 650
Average Actual Rent: 650
Annualized: 93600
Total Actual Rent: 7800

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101205723650621503

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 3289.76

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

No Landscaping: Yes
Storage: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Laminate: Yes
Tile: Yes
Vinyl: Yes

Heating

Wall Unit: Yes

Owner Pays

Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 78000
Operating Expenses: 12608

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Free-Standing Gas 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

Miscellaneous Info

Hstrc Reg Ldmk/Ovrly: Yes
No Sign: Yes

Metering

Individual Electric: Yes
Master Gas: Yes

Operating Expenses

Insurance: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

2+Spaces Per Unit: Yes
Guest Parking: Yes

Roof

Composition: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Deposits: Yes
Month To Month: Yes

Source

Owner Provided: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping; Storage Appliances included: Free-Standing Electric Range; Free-Standing Gas Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Laminate; Tile; Vinyl Electric Provider: Public Utility Electric: None Miscellaneous Info: Hstrc Reg Ldmk/Ovrly; No Sign Metering: Individual Electric; Master Gas Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Trash Removal; Water Tenant Pays: Electric; Gas Parking: 2+Spaces Per Unit; Guest Parking Roof: Composition Rental Info: Deposits; Month To Month Finance Considered: Cash; Conventional; Owner Financing Source: Owner Provided Zoning: MX-M*