Homes by Carolyn Fischman

402 & 404 Cornell Drive SE, 1-12, Albuquerque, NM 87106 (MLS# 1060894)

402 & 404 Cornell Drive SE, 1-12, Albuquerque, NM 87106

$1,300,000
Property Type: Residential Income Square Footage: 8,432 Lot Size (sq. ft.): 14,201 Status: Closed
Current Price: $1,300,000 List Date: 4/17/2024 Last Modified: 5/07/2024

Overview

Description

Location! Location! Location! Opportunity Knocks! Calling all investors! UNM 12 plex on Cornell, near Frontier Restaurant and Saggios! All 2 Bedroom , 1 Bath units! Off Street parking! Do not disturb tenants, offers subject to inspection! Units are on 2 separate lots, 2 tax levy certificates are attached in documents.

Listing Details MLS# 1060894

Status Change Info

Pending Date
2024-04-20
Closing Date
2024-05-06

Contract Information

List Price/SqFt
154.17

Location

Street #
402 & 404
Street Name
Cornell
St Suffix
Drive
Post Direction
SE
Unit #
1-12
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87106
MLS Area Major
42 - UNM South
Zone Atlas
K16

General Property Description

# of Units
12
5+ Units
Yes
Property Sub-Type
Multi-Family
Living Area
8432
Lot Size Source
On-Line
Acres
0.33
Lot SqFt
14201
Directions
South on Cornell from Central (Frontier Restaurant) to Coal** Property located on the corner of Coal and Cornell***
Stories
2
Total # of Buildings
2
Year Built
1971
Year Built Source
Public Records
Age
Select One
Disability Access
Unknown
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
12
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
730
Actual Rent
950
Max Rent
950
Market Rent
1100

Unit Summary

Total Units
12
Average Unit Size
730
Average Actual Rent
950
Annualized
136800
Total Actual Rent
11400

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101605708308930714 & 101605708309430713

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
6300.36

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Some Landscaping
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Laminate
Yes
Wood
Yes

Heating

Wall Unit
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Build Description

Resale
Yes

Appliances included

Disposal
Yes
Fan/Hood
Yes
Free-Standing Electric Range
Yes
Refrigerator
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

Operating Expenses

Insurance
Yes
Property Taxes
Yes
Utilities
Yes

Parking

Paved
Yes

Roof

Pitched
Yes
Shingle
Yes

Finance Considered

Cash
Yes

Rental Info

Other - See Remarks
Yes

Source

Actual Record
Yes

Zoning

R-ML*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Disposal; Fan/Hood; Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Laminate; Wood Green Energy Generation: None Electric Provider: Public Utility Operating Expenses: Insurance; Property Taxes; Utilities Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Paved Roof: Pitched; Shingle Rental Info: Other - See Remarks Finance Considered: Cash Source: Actual Record Zoning: R-ML*
Listing Office: Brokerage of New Mexico
Last Updated: May - 07 - 2024
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.

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