105 - 148 General Arnold Street NE, 24, Albuquerque, NM 87123

$1,105,000

Property Type: Residential Income Square Footage: 16,467 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $1,105,000 List Date: 4/25/2016 Last Modified: 8/16/2017

Overview

Description

Under Contract Taking Backup Offers Di Palma Portfolio: 24 units in 5 buildings. Beautifully maintained, exceptionally managed, great tenants, well screened. Seller would consider managing for new buyer. 6 X GROSS RENT MULTIPLIER! 10% CAP RATE ON EXISTING INCOME!! 15% CASH ON CASH WITH MANAGEMENT!!! PLEASE DO NOT DISTURB TENANTS!

Listing Details MLS# 864571

Status Change Info

Pending Date: 2016-05-17
Closing Date: 2016-07-29

Contract Information

List Price/SqFt: 67.1
Allowance/Concession: No

Location

Street #: 105 - 148
Street Name: General Arnold
St Suffix: Street
Post Direction: NE
Unit #: 24
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 2537
MLS Area Major: 50 - Northeast Heights
Zone Atlas: K20

CityCounty Data

Subdivision Name: Waggoman Denison Add

General Property Description

# of Units: 24
5+ Units: Yes
Units for Sale: 24
Property Sub-Type: Multi-Family
Living Area: 16467
SqFt Source: Broker
Lot Size Source: Survey
Acres: 0.17
Lot SqFt: 7405.2
Directions: 105, 132, 144 and 148 General Arnold NE: north of Central, east of Wyoming. 3440 Eastern SE: 1.5 blocks west of Carlisle, 2 blocks north of Gibson
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 5
Year Built: 1980
Year Built Exception: Unknown
Age: 31 - 40
# Parking Spaces: 36
Disability Access: Unknown
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Multiple Lots: Five

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: Yes

# of Unit Types (1)

# of Units: 24
# of Bedrooms: 44
# Baths: 24
Approx. SqFt: 686
Actual Rent: 639
Max Rent: 639
Market Rent: 639

Unit Summary

Total Units: 24
Average Unit Size: 686
Average Actual Rent: 639
Annualized: 184032
Total Actual Rent: 15336

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 102005710111631036

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 2804.54

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes
Enclosed Yard: Yes
Laundry Community: Yes
Outside Lights: Yes
Owners Unit: Yes
Storage: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes
Forced Air: Yes
Gas: Yes

Owner Pays

Maintenance: Yes
Sewer: Yes
Some Utilities: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Trash Removal: Yes

Income & Expenses

Annual Gross Income: 183948

Appliances included

Dishwasher: Yes
Free-Standing Electric Range: Yes
Range Hood: Yes
Refrigerator: Yes

Utilities

All City: Yes
Electric: Yes
Natural Gas: Yes
Sewer Available: Yes

Trade/Xch Terms

Trade for Other RE: Yes

Miscellaneous Info

No Sign: Yes
Package: Yes
Pets Limited: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Call Listing Broker: Yes
Insurance: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Supplies: Yes
Utilities: Yes

Parking

1.5 Spaces Per Unit: Yes

Roof

Flat: Yes
Pitched: Yes
Shingle: Yes
Tar Gravel: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes
Current Lse Agreemnt: Yes
Deposits: Yes
Late Fees: Yes
Month To Month: Yes
Pet Deposit: Yes
Rental History Avail: Yes
Yearly Lease: Yes

Source

Actual Record: Yes
Owner Provided: Yes

Zoning

R-3: Yes

Property Features

Construction Materials: Frame; Stucco Amenities: Balconies/Deck; Enclosed Yard; Laundry Community; Outside Lights; Owners Unit; Storage Appliances included: Dishwasher; Free-Standing Electric Range; Range Hood; Refrigerator Utilities: All City; Electric; Natural Gas; Sewer Available Heating: Central; Electric; Forced Air; Gas Cooling: Evaporative Cooling Flooring: Carpet; Tile Miscellaneous Info: No Sign; Package; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Call Listing Broker; Insurance; Property Management; Property Taxes; Repairs/Maintenance; Supplies; Utilities Owner Pays: Maintenance; Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas; Trash Removal Parking: 1.5 Spaces Per Unit Roof: Flat; Pitched; Shingle; Tar Gravel Rental Info: Call Listing Broker; Current Lse Agreemnt; Deposits; Late Fees; Month To Month; Pet Deposit; Rental History Avail; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided Zoning: R-3

Documents

Flyer ›

Listing Office: Metro Commercial Realty, Inc.

Last Updated: August - 16 - 2017

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.