3800 FLORA VISTA Avenue SW, Albuquerque, NM 87121

$1,690,000

Property Type: Residential Income Lot Size (sq. ft.): 47,916 Status: Closed

Current Price: $1,690,000 List Date: 8/05/2022 Last Modified: 10/27/2022

Overview

Description

Opportunity!! Great Muti Family Apartment Complex! First time for sale in 23 years! Close to shopping and schools! 22 Units comprising Two Studio Apartments, Four 1 bed/1 bath and 16 2 bed/1 bath units! Well maintained! Gated owner's storage area! Abundance of parking, nice layout with primarily single story units! Do not disturb tenants, offers subject to inspection! Hurry!!

Listing Details MLS# 1020417

Status Change Info

Pending Date: 2022-08-12
Closing Date: 2022-10-25

Location

Street #: 3800
Street Name: FLORA VISTA
St Suffix: Avenue
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87121
Zip +4: 5168
MLS Area Major: 92 - Southwest Heights
Zone Atlas: N10

General Property Description

# of Units: 22
5+ Units: Yes
Property Sub-Type: Multi-Family
Lot Size Source: On-Line
Acres: 1.1
Lot SqFt: 47916
Directions: North on Coors from Rio Bravo* West on Flora Vista* 3800 Flora Vista SW
Stories: Yes
Total # of Buildings: 3
Year Built: 1979
Age: 51 - 60
# Parking Spaces: 40
Disability Access: Unknown
LBP Disclosure: No
Builder: Barboa
Owner Occupant Unit: Yes
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
Style: Two bed / Two Bath
Approx. SqFt: 650
Actual Rent: 695
Max Rent: 825
Market Rent: 825

# of Unit Types (2)

# of Units: 4
# of Bedrooms: Yes
# Baths: Yes
Style: One bed/ One bath
Approx. SqFt: 550
Actual Rent: 695
Max Rent: 750
Market Rent: 750

# of Unit Types (3)

# of Units: 2
# Baths: Yes
Style: Studio
Approx. SqFt: 400
Actual Rent: 425
Max Rent: 575
Market Rent: 575

Unit Summary

Total Units: 22
Average Unit Size: 609.09
Average Actual Rent: 670.45
Annualized: 177000
Total Actual Rent: 14750

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101005339752110415

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 9562.42

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes
Forced Air: Yes
Wall Unit: Yes

Owner Pays

Sewer: Yes
Some Utilities: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Build Description

Resale: Yes

Appliances included

Disposal: Yes
Free-Standing Gas Range: 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

All: Yes

Parking

1.5 Spaces Per Unit: Yes

Roof

Pitched: Yes
Shingle: Yes

Finance Considered

Cash: Yes
Other - See Remarks: Yes

Rental Info

Current Lse Agreemnt: Yes
Month To Month: Yes
Rental History Avail: Yes

Source

Owner Provided: Yes

Zoning

MX-L*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Disposal; Free-Standing Gas Range; Refrigerator Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air; Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Tile Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas Operating Expenses: All Owner Pays: Sewer; Some Utilities; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1.5 Spaces Per Unit Roof: Pitched; Shingle Rental Info: Current Lse Agreemnt; Month To Month; Rental History Avail Finance Considered: Cash; Other - See Remarks Source: Owner Provided Zoning: MX-L*

Listing Office: Brokerage of New Mexico

Last Updated: October - 27 - 2022

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