1115 Mckay Street, Carlsbad, NM 88220 (MLS# 1063594)

1115 Mckay Street, Carlsbad, NM 88220

$1,098,000

Virtual Tour

http://www.nmapartment.com/1111WMcKay

Property Type: Residential Income Square Footage: 6,584 Lot Size (sq. ft.): 13,939 Status: Closed

Current Price: $1,098,000 List Date: 5/21/2024 Last Modified: 10/05/2024

Overview

Description

They contains 4 well-apportioned 2 bedroom / 1 bath in each apartment building pragmatically updated inside and out. Recently remodeled units feature open floorplans with large eat-in kitchens, living areas with woodburning fireplaces, and bedrooms with plenty of storage - all complimented by custom woodwork and quality, hardy contemporary finishes throughout. Add all that to updated thermal windows, a new 30-year roof, upgraded stucco and paint, and a new common laundry room, and you've got a turnkey investment that will allow the next owner to truly reap the benefits of one of New Mexico's fastest growing and appreciating real estate markets (without the headache of inheriting deferred maintenance and urgent projects with no upside). Carlsbad continues to grow exponentiall

Listing Details MLS# 1063594

Status Change Info

Pending Date: 2024-09-01
Closing Date: 2024-10-04

Contract Information

List Price/SqFt: 166.77
Allowance/Concession: No

Location

Street #: 1115
Street Name: Mckay
St Suffix: Street
County: Eddy
City/Town Code: Carlsbad
State/Province: NM
Zip Code: 88220
Zip +4: 4496
MLS Area Major: 440 - Eddy
Zone Atlas: NOZA

CityCounty Data

Subdivision Name: Powers

General Property Description

# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: Multi-Family
Living Area: 6584
Lot Size Source: On-Line
Acres: 0.32
Lot SqFt: 13939
Directions: From Main and McKay west to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 2003
Age: 21 - 30
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X

Cooling

Centrally Ducted: Yes
Evaporative Cooling: Yes

More Information

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 8
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 823
Actual Rent: 1125
Max Rent: 1150
Market Rent: 1286

Unit Summary

Total Units: 8
Average Unit Size: 823
Average Actual Rent: 1125
Annualized: 108000
Total Actual Rent: 9000

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 4156127445180

Tax & Legal Info

GRT Code: 03-106
Tax Exemption: Unknown
Tax Annual Amount: 957.8

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

No Landscaping: Yes

Flooring

Tile: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 102060
Operating Expenses: 31465

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Parking

Paved: Yes

Roof

Positive Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Rental Info

Other - See Remarks: Yes

Zoning

R-2: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Paved Roof: Positive Pitched; Shingle Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; FHA; VA Zoning: R-2

Documents

Flyer & APOD ›

Tax Levy Disclosure ›

LO SO Letter to Buyers, Buyers Broker ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: October - 05 - 2024

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.