Homes by Carolyn Fischman

12824 Skyline Road NE, Albuquerque, NM 87123 (MLS# 1041974)

12824 Skyline Road NE, Albuquerque, NM 87123

$1,550,000
Property Type: Residential Income Lot Size (sq. ft.): 45,302 Status: Closed
Current Price: $1,550,000 List Date: 9/22/2023 Last Modified: 10/24/2023

Overview

Description

**Owner Financing Available** 12824 Skyline Road is one of the newer multi-family properties of this size in Albuquerque built in 2003. Located just south of I40, near shopping, dining, access to an ART stop. 72(!) Bike Score. The property boasts 1.04 acres with 4 single-story buildings & pitched roofs. There are 12 2-beds and 4 1-bed units all facing the interior courtyard. There is a separate community laundry center, 1 car garage for a maintenance shop, a standalone storage shed, and a small office unit. Avg Current rents of $862. Upside includes $150-$200 rent premiums, add a RUBS program for water, Add turf to courtyard for water conservation & reduce costs. Strong Mgnt efficiencies make this a winner!

Listing Details MLS# 1041974

Status Change Info

Pending Date
2023-10-08
Closing Date
2023-10-24

Location

Street #
12824
Street Name
Skyline
St Suffix
Road
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87123
Zip +4
3005
MLS Area Major
50 - Northeast Heights
Zone Atlas
L22

General Property Description

# of Units
16
5+ Units
Yes
Units for Sale
16
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
1.04
Lot SqFt
45302.4
Directions
South on Juan Tabo from I40. Turn East on Skyline Rd. Travel to the end. Property is last on the South Side of the road.
Stories
Yes
Total # of Buildings
4
Year Built
2003
Age
16 - 20
# Parking Spaces
24
Disability Access
Unknown
LBP Disclosure
No
Builder
Unknown
Owner Occupant Unit
No
Flood Zone
X

Basement

Basement YN
No

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
4
# of Bedrooms
Yes
# Baths
2
Approx. SqFt
600
Actual Rent
650
Max Rent
821
Market Rent
850

# of Unit Types (2)

# of Units
12
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
750
Actual Rent
935
Max Rent
1144
Market Rent
1150

Unit Summary

Total Units
16
Average Unit Size
712.5
Average Actual Rent
863.75
Annualized
165840
Total Actual Rent
13820

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Laundry Community; Some Landscaping; Sprinklers Appliances included: Dishwasher; Disposal; Free-Standing Electric Range; Range Hood; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Laminate; Tile Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: Call Listing Broker Owner Pays: Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas; Some Utilities Parking: 1.5 Spaces Per Unit Roof: Pitched; Shingle Rental Info: Call Listing Broker Finance Considered: Cash; Conventional; Owner Financing Source: Owner Provided Zoning: R-MH*
Listing Office: Realty One of New Mexico
Last Updated: October - 24 - 2023
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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