5117 2nd Street, Albuquerque, NM 87105 (MLS# 855935)

5117 2nd Street, Albuquerque, NM 87105

$1,100,000

Property Type: Commercial Sale Square Footage: 800 Lot Size (sq. ft.): 306,357 Status: Closed

Current Price: $1,100,000 List Date: 12/01/2015 Last Modified: 3/05/2018

Overview

Description

1st MHP is on 7.033 Acres with 28 Units and a Grocery Store ($1,100,000). Located in the Unincorporated area of Albuquerque. Willing to consider a Partial Trade and a REC with a Reasonable downpayment. These Mobile Home Parks are on Well Water and all other City Utilities. City Water Hookup is available at the Street if the new owner would prefer. Water is tested monthly. The zoning is R1 with SU MHP. Main MHP has been divided into 14 1/2 Acre lots; Please do not disturb the tenants! Thank you for your consideration of this fine investment property. Back on the market, inspections complete. Ready to go!!!

Listing Details MLS# 855935

Status Change Info

Pending Date: 2015-12-01
Closing Date: 2015-12-30

Contract Information

List Price/SqFt: 1375

Location

Street #: 5117
Street Name: 2nd
St Suffix: Street
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 0762
Directions: Located between Rio Bravo and South 2nd Street.
MLS Area Major: 80 - Downtown Area
Zone Atlas: NOZA
Downtown: Yes

General Property Description

Property Sub-Type: Mobile Home Park
Living Area: 800
SqFt Source: Broker
Acres: 7.03
Lot SqFt: 306357.48
Apx Lot Dim Front: 373.71
Apx Lot Dim Side: 919.19
Lot Size Source: Plat
Total # Stories: Yes
# Parking Spaces: 36
Docks: No
Door Height: Unknown
Disability Access: Unknown
% Occupied: 90
Transaction Type: Sale
# of Docks: 0

Income Expenses

Annual Gross Income: 110400

Miscellaneous

Land Ownership: Land Owned

More Information

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: 101305233609740207
Short Legal Desc: MHP ON 14 TRACTS OF GARDEN HOME PL SUB, LOC AT 420 BEAR LN SW, 5113&5117 2ND ST SW, ZONED R1, & CONTAINING APPRX 7 ACRES
GRT Code: 02-002
Tax Exemption: Unknown
Tax Annual Amount: 1040.56

Construction Materials

Frame: Yes
Stucco: Yes

Cooling

Central Air: Yes

Heating

None: Yes

Income & Expenses

Annual Oper Expenses: 20026.02
Lease Term/Months: Yes

Utilities

Some City: Yes
Well: Yes

Lease Information

Assumable/Assignable: Yes

Docs/Data Available

Aerial Map: Yes
Disclosure Statement: Yes
Existing Leases: Yes
Plat Map: Yes
Survey: Yes
Zone Atlas Maps: Yes

Finance Considered

Cash: Yes

Zoning

R-1: Yes

Property Features

Location: Downtown; Downtown Construction Materials: Frame; Stucco Utilities: Some City; Well Heating: None Cooling: Central Air Lease Information: Assumable/Assignable Finance Considered: Cash Zoning: R-1

Listing Office: Re/Max Advantage

Last Updated: March - 05 - 2018

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