Homes by Carolyn Fischman

1015 VALENCIA Drive SE, Albuquerque, NM 87108 (MLS# 978971)

1015 VALENCIA Drive SE, Albuquerque, NM 87108

$1,150,000
Property Type: Residential Income Square Footage: 12,000 Lot Size (sq. ft.): 19,602 Status: Closed
Current Price: $1,150,000 List Date: 10/12/2020 Last Modified: 2/03/2021

Overview

Description

20 unit complex. All 1 bedroom, 1 bathroom. 3 units were burnt and completely rebuilt through the insurance company, including a new electrical panel for the entire building. One is already rented, and the other 2 will be by December 31st. The 3 units had been vacant for 33 months and income is not reflected in tax returns. Many improvements to the building have been made in the last couple of years. Great opportunity and close location to VA Hos[ital.

Listing Details MLS# 978971

Status Change Info

Pending Date
2020-12-29
Closing Date
2021-02-01

Contract Information

List Price/SqFt
95.83
Allowance/Concession
No

Location

Street #
1015
Street Name
VALENCIA
St Suffix
Drive
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
4786
MLS Area Major
71 - Southeast Heights
Zone Atlas
L18

General Property Description

# of Units
20
5+ Units
Yes
Units for Sale
20
Property Sub-Type
Multi-Family
Living Area
12000
SqFt Source
Professional
Lot Description
level
Lot Size Source
Plat
Acres
0.45
Lot SqFt
19602
Directions
San Mateo (south) to Kathryn, left/East, right on Valencia, on right.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
2
Year Built
1955
Year Built Exception
Unknown
Age
61 - 70
# Parking Spaces
24
Disability Access
No
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Multiple Lots
Three
Flood Zone
AE

Basement

Basement
No

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
20
# of Bedrooms
20
# Baths
20
Approx. SqFt
600
Actual Rent
575
Max Rent
650
Market Rent
650

Unit Summary

Total Units
20
Average Unit Size
600
Average Actual Rent
575
Annualized
138000
Total Actual Rent
11500

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101805615417531706

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
4905.42

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Balconies/Deck
Yes
Outside Lights
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Wall Unit
Yes

Owner Pays

Electric
Yes
Gas
Yes
Sewer
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

None
Yes

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Electric Provider

Public Utility
Yes

Electric

None
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Current Lse Agreemnt
Yes
Month To Month
Yes

Source

Owner Provided
Yes

Zoning

R-MH*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Balconies/Deck; Outside Lights Appliances included: Refrigerator Utilities: Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Tile Electric Provider: Public Utility Electric: None Owner Pays: Electric; Gas; Sewer; Trash Removal; Water Tenant Pays: None Rental Info: Current Lse Agreemnt; Month To Month Finance Considered: Cash; Conventional Source: Owner Provided Zoning: R-MH*
Listing Office: Caruso Realty, LLC
Last Updated: February - 03 - 2021
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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