Homes by Carolyn Fischman

4113 Atrisco – 4201-4209 Drive NW, Albuquerque, NM 87120 (MLS# 940537)

4113 Atrisco - 4201-4209 Drive NW, Albuquerque, NM 87120

$2,272,500
Property Type: Residential Income Square Footage: 26,954 Lot Size (sq. ft.): 79,998 Status: Closed
Current Price: $2,272,500 List Date: 3/28/2019 Last Modified: 10/02/2020

Overview

Description

This property is hard to find combo - new(er) construction, midsize and located on Albuquerque's growing westside. Located within walking distance of the prestigious St. Pius high school, the property is also very close to new employment and retail opportunities. Built in 2003-2006, this 30 unit community contains 29 x 2/1 with washer/dryer hookups, 32 rent free storage spaces, and a large owners/managers' unit – 3/2 + 2 car garage as well as a small onsite management office. Based on the current average rents of $705 per month, the property's measures of investment performance include a 8.96 GRM, 6.83% cap rate before reserves, before tax IRR of 21.7% and an after tax IRR of 17.7%. Value in 3rd party management, charging for storage units & raising rents.

Listing Details MLS# 940537

Status Change Info

Pending Date
2019-07-15
Closing Date
2019-12-13

Contract Information

List Price/SqFt
84.31
Allowance/Concession
No

Location

Street #
4113
Street Name
Atrisco - 4201-4209
St Suffix
Drive
Post Direction
NW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87120
Zip +4
3271
MLS Area Major
111 - Ladera Heights
Zone Atlas
G11

CityCounty Data

Subdivision Name
Sloans Acres Sub

General Property Description

# of Units
30
5+ Units
Yes
Units for Sale
30
Property Sub-Type
Multi-Family
Living Area
26954
SqFt Source
Per Appraisal
Lot Size Source
On-Line
Acres
1.84
Lot SqFt
79998
Directions
From I-40 and Coors, north on Coors to Sequia, west to Atrisco, north to property
Stories
Yes
Total Stories in Bldg
Yes
Total # of Buildings
8
Year Built
2006
Age
10 - 15
Disability Access
Unknown
LBP Disclosure
No
Builder
Huong Hanley
Owner Occupant Unit
Yes
Multiple Lots
Three

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
Yes
# of Bedrooms
3
# Baths
2
Style
Owners Unit+2 car ga
Approx. SqFt
1504
Actual Rent
984
Max Rent
984
Market Rent
984

# of Unit Types (2)

# of Units
29
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
850
Actual Rent
695
Max Rent
725
Market Rent
724

Unit Summary

Total Units
30
Average Unit Size
871.8
Average Actual Rent
704.63
Annualized
253668
Total Actual Rent
21139

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101106006749520505

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
5000.98

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Wshr/Dryr HU in Unit
Yes

Cooling

Evaporative Cooling
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl
Yes

Heating

Central
Yes
Forced Air
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Electric Provider

Community
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Call Listing Broker
Yes

Zoning

R-ML*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Wshr/Dryr HU in Unit Appliances included: Refrigerator Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl Electric Provider: Community Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Zoning: R-ML*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: October - 02 - 2020
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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