1301 Tijeras Avenue NE, Albuquerque, NM 87106

$1,400,000

Property Type: Residential Income Square Footage: 8,634 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $1,400,000 List Date: 10/05/2023 Last Modified: 5/21/2024

Overview

Description

This 12 unit brick complex is a find near UNM, Presbyterian & Lovelace Hospitals. The 12 units compromise a mix of easily rentable two-bedroom, one-bedroom & studio apartments. The three two bedroom one bathroom units have large, covered patios with views of the City. The property also contains three garages spaces & one laundry facility. The 12 units are currently 100% occupied.

Listing Details MLS# 1042707

Status Change Info

Pending Date: 2024-03-20
Closing Date: 2024-05-21

Contract Information

List Price/SqFt: 162.15

Location

Street #: 1301
Street Name: Tijeras
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
MLS Area Major: 40 - UNM
Zone Atlas: K15

General Property Description

# of Units: 12
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 8634
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.3
Lot SqFt: 13068
Directions: From University & Dr. Martin Luther King Jr. drive west on Dr. Martin Luther King Jr. to Spruce Street. Drive South on Spruce Street to Tijeras. First building is on Tijeras & Spruce Street. The units available are 1301, 1303, 1305, &1307 Tijeras.
Stories: 2
Total # of Buildings: 4
Year Built: 1950
Age: 71 - 80
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unkown
Owner Occupant Unit: No
Flood Zone: X

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 390
Actual Rent: 600
Max Rent: 1000
Market Rent: 1000

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 390
Actual Rent: 525
Max Rent: 1000
Market Rent: 1000

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 390
Actual Rent: 600
Max Rent: 1000
Market Rent: 1000

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 750
Max Rent: 1200
Market Rent: 1200

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 805
Max Rent: 1200
Market Rent: 1200

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 650
Max Rent: 1200
Market Rent: 1200

# of Unit Types (7)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 650
Max Rent: 1200
Market Rent: 1200

# of Unit Types (8)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 805
Max Rent: 1200
Market Rent: 1200

# of Unit Types (9)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 700
Actual Rent: 770
Max Rent: 1200
Market Rent: 1200

# of Unit Types (10)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 865
Actual Rent: 900
Max Rent: 1600
Market Rent: 1600

# of Unit Types (11)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 865
Actual Rent: 850
Max Rent: 1600
Market Rent: 1600

# of Unit Types (12)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 865
Actual Rent: 1020
Max Rent: 1600
Market Rent: 1600

Unit Summary

Total Units: 12
Average Unit Size: 663.75
Average Actual Rent: 743.75
Annualized: 107100
Total Actual Rent: 8925

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101505723840422901

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 4461.26

Construction Materials

Brick Veneer: Yes
Frame: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: 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
Maintenance: Yes

Build Description

Resale: Yes

Appliances included

Free-Standing Gas Range: Yes
Range Hood: 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

Parking

2 or More Garages: Yes

Roof

Flat: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Current Lse Agreemnt: Yes

Zoning

R-T*: Yes

Property Features

Construction Materials: Brick Veneer; Frame; Stucco Build Description: Resale Amenities: Balconies/Deck Appliances included: Free-Standing Gas Range; Range Hood Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Tile Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas; Maintenance Parking: 2 or More Garages Roof: Flat Rental Info: Current Lse Agreemnt Finance Considered: Cash; Conventional Zoning: R-T*

Documents

Lead Based Paint ›

Tax Levy Disclosure ›

APOD ›

Listing Office: Realty One of New Mexico, LLC

Last Updated: May - 21 - 2024

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