Homes by Carolyn Fischman

5431 Central Avenue NW, Albuquerque, NM 87105 (MLS# 919044)

5431 Central Avenue NW, Albuquerque, NM 87105

$800,000
Property Type: Residential Income Lot Size (sq. ft.): 35,284 Status: Closed
Current Price: $800,000 List Date: 5/18/2018 Last Modified: 8/01/2018

Overview

Description

Incredible opportunity with 34 units in 6 buildings which includes 1 commercial building with a tattoo parlor as tenant (There are two addresses 5431 Central NW and 5602 Central SW that are part of this listing). There is also an additional building being used for storage and workshop. The property boasts a cap rate of 13.50%. There are 9 studios w/o stove; 16 studios with stove; 2 larger studios; 2 2BR 1BA; 4 1BR 1BA; 1 commercial space. Owner financing is possible.

Listing Details MLS# 919044

Status Change Info

Pending Date
2018-06-29
Closing Date
2018-07-31

Location

Street #
5431
Street Name
Central
St Suffix
Avenue
Post Direction
NW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87105
Zip +4
1878
MLS Area Major
111 - Ladera Heights
Zone Atlas
K11

CityCounty Data

Subdivision Name
Lavaland Annex Sub

General Property Description

# of Units
34
5+ Units
Yes
Property Sub-Type
Multi-Family
Lot Size Source
On-Line
Acres
0.81
Lot SqFt
35283.6
Directions
From I-40 and Coors, go south on Coors to Central. Turn left (east) on central to 5431 Central NE on the north side of Coors and 5602 Central SW on the south side of Coors.
Stories
Yes
Total # of Buildings
6
Year Built
1956
Age
61 - 70
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
Yes

# of Unit Types (1)

# of Units
9
# Baths
Yes
Approx. SqFt
200
Actual Rent
425
Max Rent
425
Market Rent
425

# of Unit Types (2)

# of Units
16
# Baths
Yes
Approx. SqFt
250
Actual Rent
500
Max Rent
500
Market Rent
500

# of Unit Types (3)

# of Units
2
# Baths
Yes
Approx. SqFt
300
Actual Rent
575
Max Rent
575
Market Rent
575

# of Unit Types (4)

# of Units
2
# of Bedrooms
2
# Baths
Yes
Approx. SqFt
400
Actual Rent
650
Max Rent
650
Market Rent
650

# of Unit Types (5)

# of Units
4
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
550
Actual Rent
600
Max Rent
600
Market Rent
600

# of Unit Types (6)

# of Units
Yes
# Baths
Yes
Approx. SqFt
1000
Actual Rent
825
Max Rent
825
Market Rent
825

Unit Summary

Total Units
34
Average Unit Size
305.88
Average Actual Rent
514.7
Annualized
210000
Total Actual Rent
17500

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101105730236710903

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
4721.64

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

No Landscaping
Yes

Cooling

Evaporative Cooling
Yes
Varies by Unit
Yes

Flooring

No Carpet
Yes
Tile
Yes
Vinyl
Yes

Heating

Wall Unit
Yes

Owner Pays

Electric
Yes
Gas
Yes
Maintenance
Yes
Sewer
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

None
Yes

Build Description

Resale
Yes

Appliances included

Free-Standing Gas Range
Yes
Refrigerator
Yes

Utilities

All City
Yes
Electric
Yes
Natural Gas
Yes
Sewer Available
Yes

Trade/Xch Terms

Trade for Other RE
Yes
Trade for Pers Prop
Yes

Finance Considered

Cash
Yes
Conventional
Yes
Owner Financing
Yes

Rental Info

Yearly Lease
Yes

Zoning

MX-M*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping Appliances included: Free-Standing Gas Range; Refrigerator Utilities: All City; Electric; Natural Gas; Sewer Available Heating: Wall Unit Cooling: Evaporative Cooling; Varies by Unit Flooring: No Carpet; Tile; Vinyl Owner Pays: Electric; Gas; Maintenance; Sewer; Trash Removal; Water Tenant Pays: None Rental Info: Yearly Lease Finance Considered: Cash; Conventional; Owner Financing Zoning: MX-M*
Listing Office: Realty Specialists Group
Last Updated: August - 01 - 2018
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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