3409 Tulane Drive NE, Albuquerque, NM 87107

$1,300,000

3409-Tulane-NE-Unit-1-08242022_203518-wh

Property Type: Residential Income Square Footage: 8,410 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $1,300,000 List Date: 9/28/2022 Last Modified: 5/27/2023

Overview

Description

''We learn about history by reading it in School; we learn to see it when we travel, and for Americans the place where we see the most clearly impact of time on a landscape is New Mexico.'' - JB Jackson, A Sense of time and Place Welcome to The Mariposa Monarca, a Bart Prince designed apartment community. ''Bart Prince likens his architecture to a butterfly at rest in a landscape. Whether on a crowded suburban street or in some rural solitude, his variously swooping, soaring, fluttering houses alight on their sites with the vibrant clarity of a monarch butterfly, exotic incidents of art in an apparently mundane world. Matching as it does so neatly the exuberance of his complexly patterned work, the metaphor seems to summarize the architect's thinking.

Listing Details MLS# 1023434

Status Change Info

Pending Date: 2023-03-14
Closing Date: 2023-05-27

Contract Information

List Price/SqFt: 154.58
Allowance/Concession: No

Location

Street #: 3409
Street Name: Tulane
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Zip +4: 4486
MLS Area Major: 41 - Uptown
Zone Atlas: G16

CityCounty Data

Subdivision Name: Indian Acres Sub

General Property Description

# of Units: 10
5+ Units: Yes
Units for Sale: 10
Property Sub-Type: Multi-Family
Living Area: 8410
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.36
Lot SqFt: 15681.6
Directions: From I-25 and Montgomery exit - east to Carlisle, south to Comanche, west to Tulane, south to property. From I-40 and Carlisle property - north on Carlisle to Comanche, west to Tulane, south to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1979
Year Built Exception: Unknown
Age: 31 - 40
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Two
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 2
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 1057
Actual Rent: 1350
Max Rent: 1600
Market Rent: 1600

# of Unit Types (2)

# of Units: 4
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 776
Actual Rent: 926
Max Rent: 1010
Market Rent: 1010

# of Unit Types (3)

# of Units: 4
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 697
Actual Rent: 850
Max Rent: 975
Market Rent: 1000

Unit Summary

Total Units: 10
Average Unit Size: 800.6
Average Actual Rent: 980.4
Annualized: 117648
Total Actual Rent: 9804

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101606045015240904

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5181.64

Construction Materials

Brick: Yes
Frame: Yes
Stucco: Yes

Amenities

Owners Unit: Yes

Cooling

Other: Yes

Flooring

Carpet: Yes

Heating

Other: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 113860
Operating Expenses: 45448

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Cable Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Community: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Operating Expenses

Other - See Remarks: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Source

Actual Record: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Brick; Frame; Stucco Build Description: Resale Amenities: Owners Unit Appliances included: Refrigerator Utilities: Cable Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Other Cooling: Other Flooring: Carpet Electric Provider: Community Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Source: Actual Record Zoning: R-ML*

Documents

Flyer & APOD ›

LO SO Letter to Buyers, Buyers Broker ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: May - 27 - 2023

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.