5817 Central Avenue NW, Albuquerque, NM 87105

$775,490

DM2-Central5817NW-06052020 (9) - Locatio

Property Type: Residential Income Square Footage: 8,150 Lot Size (sq. ft.): 32,670 Status: Closed

Current Price: $775,490 List Date: 9/13/2020 Last Modified: 12/15/2021

Overview

Description

This property is packaged for a fast, smooth and easy transaction – The owner has prepaid for inspections and information to make for a smooth transaction. Located on historic Route 66, and part of the West Route 66 Renaissance from the new Route 66 visitors center to the under construction Amazon distribution facility and located along the $130M investment in Albuquerque future of mass transit – the A.R.T. (Albuquerque Rapid Transit). This community is walking distance to retail, restaurants and two different A.R.T. transit stops. The list price is $775,490, with an average rent of $599, measures of investment performance include a GRM of 7.71, a before reserves cap rate of 6.88% and an after tax Internal Rate of Return (IRR) of 18.40%..

Listing Details MLS# 976995

Status Change Info

Pending Date: 2020-12-22
Closing Date: 2021-03-19

Contract Information

List Price/SqFt: 95.15

Location

Street #: 5817
Street Name: Central
St Suffix: Avenue
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 1849
MLS Area Major: 111 - Ladera Heights
Zone Atlas: K11

CityCounty Data

Subdivision Name: Atrisco Grant

General Property Description

# of Units: 14
5+ Units: Yes
Units for Sale: 14
Property Sub-Type: Multi-Family
Living Area: 8150
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.75
Lot SqFt: 32670
Directions: From I-40 and Coors - south on Coors, west on Central to property. Note A.R.T lanes may require going past the property and making a U-Turn.
Stories: Yes
Total # of Buildings: 4
Year Built: 1980
Age: 31 - 40
Disability Access: Unknown
LBP Disclosure: No
Builder: UNknown
Owner Occupant Unit: Yes
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 12
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 550
Actual Rent: 645
Max Rent: 675
Market Rent: 675

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 750
Actual Rent: 650
Max Rent: 750
Market Rent: 825

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: Mobile Home
Approx. SqFt: 800
Market Rent: 800

Unit Summary

Total Units: 14
Average Unit Size: 582.14
Average Actual Rent: 599.28
Annualized: 100680
Total Actual Rent: 8390

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101105720036220803

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 4109.12

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Playground: Yes
Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Tile: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 95600
Operating Expenses: 42217

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

Other - See Remarks: Yes

Operating Expenses

Other - See Remarks: Yes

Parking

Unpaved: Yes

Roof

Flat: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Other - See Remarks: Yes

Source

Actual Record: Yes
Broker Provided: Yes
Owner Provided: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Playground; Some Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Tile; Vinyl Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Other - See Remarks Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Parking: Unpaved Roof: Flat Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; Owner Financing Source: Actual Record; Broker Provided; Owner Provided Zoning: R-ML*

Documents

Flyer & APOD ›

LO SO Letter to Buyers, Buyers Brokers ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: December - 15 - 2021

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.