12824 Skyline Road NE, Albuquerque, NM 87123

$975,000

Property Type: Residential Income Square Footage: 11,400 Lot Size (sq. ft.): 45,302 Status: Closed

Current Price: $975,000 List Date: 5/17/2019 Last Modified: 1/07/2020

Overview

Description

BRAND NEW Roof in June 2019!!!Fantastic opportunity to own a value add property in NE Albuquerque. This Single Story, 16 unit complex consists of 4 buildings all facing an interior grass filled courtyard complete with Gazeebo and 2 Grills for gatherings. Job Growth and Employment remain steady and growing with the recent additions of Netflix, Facebook Data center, and Intel announced 300 new jobs recently. Near Kirtland AFB for easy military access. This property is near bus lines, shopping, dining, as well as hiking and biking.

Listing Details MLS# 944814

Status Change Info

Pending Date: 2019-10-14
Closing Date: 2019-12-31

Contract Information

List Price/SqFt: 85.53
Allowance/Concession: No

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

CityCounty Data

Subdivision Name: Canyon Acres K-1

General Property Description

# of Units: 16
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 11400
Lot Size Source: On-Line
Acres: 1.04
Lot SqFt: 45302.4
Directions: North on Juan Tabo from Central. East on Skline Rd to end of road. Last complex on South side of road.
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: 4
Year Built: 2003
Age: 16 - 20
# Parking Spaces: 24
Disability Access: Unknown
LBP Disclosure: No
Builder: Curry
Owner Occupant Unit: No

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 12
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 750
Actual Rent: 631
Max Rent: 675
Market Rent: 695

# of Unit Types (2)

# of Units: 4
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 600
Actual Rent: 591
Max Rent: 650
Market Rent: 600

Unit Summary

Total Units: 16
Average Unit Size: 712.5
Average Actual Rent: 621
Annualized: 119232
Total Actual Rent: 9936

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: 11348.38

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Laundry Equip. Owned: Yes
Outside Lights: Yes
Some Landscaping: Yes
Sprinklers: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Laminate: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes
Wall Unit: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 108868
Operating Expenses: 51159

Build Description

Resale: Yes

Appliances included

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

Utilities

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

Electric Provider

Public Utility: Yes

Miscellaneous Info

No Sign: Yes
Pets Limited: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Other - See Remarks: Yes

Parking

1 Garage: Yes
1.5 Spaces Per Unit: Yes
Paved: Yes

Roof

Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

6 Month: Yes
Deposits: Yes
Late Fees: Yes
Month To Month: Yes
Pet Deposit: Yes
Yearly Lease: Yes

Source

Actual Record: Yes
Owner Provided: Yes

Zoning

R-MH*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Laundry Equip. Owned; Outside Lights; Some Landscaping; Sprinklers Appliances included: Dishwasher; Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Laminate; Vinyl Electric Provider: Public Utility Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Other - See Remarks Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1 Garage; 1.5 Spaces Per Unit; Paved Roof: Pitched; Shingle Rental Info: 6 Month; Deposits; Late Fees; Month To Month; Pet Deposit; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided Zoning: R-MH*

Listing Office: Realty One of New Mexico

Last Updated: January - 07 - 2020

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