1040 TRUMAN Street SE, Albuquerque, NM 87108

$865,000

Property Type: Residential Income Square Footage: 7,130 Lot Size (sq. ft.): 6,186 Status: Closed

Current Price: $865,000 List Date: 9/02/2020 Last Modified: 4/19/2021

Overview

Description

Located in a quiet residential neighborhood, property has been owner managed since 1999. Two buildings: Tri plex and six plex. Long term tenants and those with recent 1&2 year leases. Except for normal turn over time, 100% occupied. Highly desirable due to features: hardwood floors, private porches, garages, off street parking, extra storage, prof landscaping & maintenance, washer/dryer H/U's, some with remodeled kitchens & baths, security features. Shows pride of ownership throughout. APD Sub Station to be built 1/2 block away. Close to UNM, Nob Hill, KAFB, Labs. Do not disturb the tenants. Flyer APOD, Property information and rent roll under Documents.

Listing Details MLS# 976197

Status Change Info

Pending Date: 2021-02-26
Closing Date: 2021-04-16

Contract Information

List Price/SqFt: 121.32
Allowance/Concession: No

Location

Street #: 1040
Street Modifier: 1030-1040
Street Name: TRUMAN
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3571
MLS Area Major: 42 - UNM South
Zone Atlas: L17

General Property Description

# of Units: 9
5+ Units: Yes
Units for Sale: 9
Property Sub-Type: Multi-Family
Living Area: 7130
SqFt Source: Professional
Lot Size Source: Survey
Acres: 0.14
Lot SqFt: 6185.52
Directions: Go South on San Mateo from Central Turn west on Kathryn; turn left on Truman. One building faces Kathryn; other faces Truman.
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: 2
Year Built: 1952
Age: 61 - 70
# Parking Spaces: 12
Disability Access: No
LBP Disclosure: Yes
Builder: unk
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: 4
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 865
Actual Rent: 750
Max Rent: 700
Market Rent: 775

# of Unit Types (2)

# of Units: 5
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 865
Actual Rent: 700
Max Rent: 775
Market Rent: 700

Unit Summary

Total Units: 9
Average Unit Size: 865
Average Actual Rent: 722.22
Annualized: 78000
Total Actual Rent: 6500

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101705651727210816

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 2890

Construction Materials

Block: Yes
Frame: Yes
Stucco: Yes

Amenities

Ceiling Fan(s): Yes
Enclosed Yard: Yes
Gated: Yes
Outside Lights: Yes
Sprinklers: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Tile: Yes
Vinyl: Yes
Wood: Yes
See Remarks: Yes

Heating

Central: Yes
Floor Furnace: Yes
Forced Air: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Build Description

Resale: Yes

Appliances included

Disposal: Yes
Dryer H/U: Yes
Free-Standing Electric Range: Yes
Free-Standing Gas Range: Yes
Range Hood: Yes
Refrigerator: Yes
Washer H/U: Yes

Utilities

Cable Available: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

Package: Yes
Pets Limited: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Call Listing Broker: Yes

Parking

1.5 Spaces Per Unit: Yes
2 or More Garages: Yes

Roof

Tar Gravel: Yes
TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes

Source

Broker Provided: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Block; Frame; Stucco Build Description: Resale Amenities: Ceiling Fan(s); Enclosed Yard; Gated; Outside Lights; Sprinklers Appliances included: Disposal; Dryer H/U; Free-Standing Electric Range; Free-Standing Gas Range; Range Hood; Refrigerator; Washer H/U Utilities: Cable Available Heating: Central; Floor Furnace; Forced Air Cooling: Evaporative Cooling Flooring: Tile; Vinyl; Wood; See Remarks Electric Provider: Public Utility Electric: None Miscellaneous Info: Package; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Call Listing Broker Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1.5 Spaces Per Unit; 2 or More Garages Roof: Tar Gravel; TPO (G) Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Source: Broker Provided Zoning: MX-M*

Listing Office: Sperry Van Ness/WACB, Inc.

Last Updated: April - 19 - 2021

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