2412 ABCD RICE Avenue NW, Albuquerque, NM 87104

$1,600,000

Property Type: Residential Income Lot Size (sq. ft.): 27,878 Status: Closed

Current Price: $1,600,000 List Date: 7/14/2021 Last Modified: 10/05/2021

Overview

Description

Location doesn't get any better than this! Just west off RIo Grande and minutes from Old Town, Nature Center, and biking paths. This property is 4 4-plexes, so it does qualify for residential 30-yr fixed loan products! 100% occupied. All 2 bedroom 1 bathroom units with individual storage closets. Updates within the last 5 years include: new lighting updated flooring (no carpet) throughout interiors, 2 new stairwells, 4 swamp coolers, new fence along eastern property line. Roofs & Stucco were redone in 2015 & 2016. Roof maintenance & cooler converstions professionally done annually.

Listing Details MLS# 996599

Status Change Info

Pending Date: 2021-07-30
Closing Date: 2021-10-04

Location

Street #: 2412 ABCD
Street Name: RICE
St Suffix: Avenue
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87104
Zip +4: 2654
MLS Area Major: 101 - Near North Valley
Zone Atlas: H13

General Property Description

# of Units: 16
5+ Units: Yes
Property Sub-Type: Multi-Family
SqFt Source: Per Appraisal
Lot Size Source: Per Appraisal
Acres: 0.64
Lot SqFt: 27878
Directions: From I40 & Rio Grande: north on Rio Grande, turn west on Rice. It's a block south of Indian School.
Stories: 2
Total # of Buildings: 4
Year Built: 1978
Age: 41 - 50
# Parking Spaces: 24
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: 16
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 740
Actual Rent: 725
Max Rent: 750
Market Rent: 825

Unit Summary

Total Units: 16
Average Unit Size: 740
Average Actual Rent: 725
Annualized: 139200
Total Actual Rent: 11600

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101305903725932457

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 2463.9

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes
Outside Lights: Yes
Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Laminate: Yes
No Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Perimeter/Baseboard: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes

Income & Expenses

Annual Gross Income: 158400
Operating Expenses: 40182

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Not Available: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes
Pets Limited: Yes

Metering

Individual Electric: Yes

Operating Expenses

Accounting and Legal: Yes
Insurance: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

1.5 Spaces Per Unit: Yes

Roof

Flat: Yes
Tar/Crushed Rock: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Month To Month: Yes
Yearly Lease: Yes

Source

Actual Record: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Balconies/Deck; Outside Lights; Some Landscaping Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Not Available; Water Connected Heating: Perimeter/Baseboard Cooling: Evaporative Cooling Flooring: Laminate; No Carpet; Tile; Vinyl Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric Operating Expenses: Accounting and Legal; Insurance; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric Parking: 1.5 Spaces Per Unit Roof: Flat; Tar/Crushed Rock Rental Info: Month To Month; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record Zoning: R-ML*

Documents

Tax Levy Disclosure ›

Form 2100 - Broker Duties Supplemental ›

APOD ›

Listing Office: Keller Williams Realty

Last Updated: October - 05 - 2021

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