1410 TRUMAN Street SE, Albuquerque, NM 87108

$860,000

Property Type: Residential Income Square Footage: 6,272 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $860,000 List Date: 6/27/2022 Last Modified: 9/08/2022

Overview

Description

Two well maintained turnkey four plex's on the eastern edge of the sought-after Ridgecrest neighborhood. Located near Kirtland Airforce Base, Veterans Hospital, Albuquerque International Sunport and the new Max Q development. All units are two-bedroom, one bath, with a laundry room/washer dryer hookup. Some units have washers and dryers. All units have microwaves, dishwashers, and disposals, and multi part vinyl windows. Six of the evaporative coolers were replaced in 2014 and two were replaced with Bonaire high efficiency 5000 CFM units in June of 2022. Both buildings were re-stuccoed in 2014. Both roofs were replaced in 2013. The property has been owned by the same owners for over 30 years and has been self-managed. There is currently one unit vacant that has been entirely remodeled

Supplements: with new flooring, new paint, new cabinets, new microwave, dishwasher and stove. This unit is currently advertised for rent at $950/month. Actual financial data provided by the seller for the first five months of 2022 and annualized results in a 5.2 CAP rate and a GRM of 13.27. Raising rents to $900/month results in a proforma CAP of 8.1 and GRM of ... (Read more)

Listing Details MLS# 1017801

Status Change Info

Pending Date: 2022-07-03
Closing Date: 2022-09-08

Contract Information

List Price/SqFt: 137.12
Allowance/Concession: No

Location

Street #: 1410
Street Name: TRUMAN
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4551
MLS Area Major: 42 - UNM South
Zone Atlas: L17

General Property Description

# of Units: 8
5+ Units: Yes
Units for Sale: 8
Property Sub-Type: Multi-Family
Living Area: 6272
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098.4
Directions: Property located on the corner of Truman and Ridgecrest SE
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1979
Age: 41 - 50
Disability Access: No
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: 3
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 754
Actual Rent: 800
Max Rent: 1100
Market Rent: 900

# of Unit Types (2)

# of Units: 2
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 754
Actual Rent: 750
Max Rent: 1100
Market Rent: 900

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 754
Actual Rent: 850
Max Rent: 1100
Market Rent: 900

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 754
Actual Rent: 650
Max Rent: 1100
Market Rent: 900

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 754
Actual Rent: 950
Max Rent: 1100
Market Rent: 900

Unit Summary

Total Units: 8
Average Unit Size: 754
Average Actual Rent: 793.75
Annualized: 76200
Total Actual Rent: 6350

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101705649104840809

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 7595.52

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Ceiling Fan(s): Yes
Security Gate: Yes
Storage: Yes
Walled Complex: Yes
Wshr/Dryr HU in Unit: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Laminate: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 64800
Operating Expenses: 20432

Build Description

Resale: Yes

Appliances included

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

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Insurance: Yes
Property Taxes: Yes
Utilities: Yes

Parking

1.5 Spaces Per Unit: Yes

Roof

Pitched: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Month To Month: Yes

Source

Actual Record: Yes
Owner Provided: Yes
Projection: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Ceiling Fan(s); Security Gate; Storage; Walled Complex; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Free-Standing Electric Range; Microwave; Range Hood; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Laminate Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: Insurance; Property Taxes; Utilities Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1.5 Spaces Per Unit Roof: Pitched Rental Info: Month To Month Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided; Projection Zoning: MX-M*

Documents

APOD ›

Listing Office: ABQ Properties LLC

Last Updated: September - 08 - 2022

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