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: 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

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 102205625852010706

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 10922.84

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Laundry Community: Yes
Some Landscaping: Yes
Sprinklers: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes

Heating

Central: Yes
Forced Air: Yes
Wall Unit: Yes

Owner Pays

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

Tenant Pays

Electric: Yes
Gas: Yes
Some Utilities: Yes

Income & Expenses

Annual Gross Income: 144759
Operating Expenses: 48367

Build Description

Resale: Yes

Appliances included

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

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: 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

Operating Expenses

Call Listing Broker: Yes

Parking

1.5 Spaces Per Unit: Yes

Roof

Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Call Listing Broker: Yes

Source

Owner Provided: Yes

Zoning

R-MH*: Yes

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*

Documents

Offer & Showing Instructions ›

Offer Memorandum - Brochure ›

Listing Office: Realty One of New Mexico

Last Updated: October - 24 - 2023

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