Homes by Carolyn Fischman

700-706 Fruit Avenue NW, Albuquerque, NM 87102 (MLS# 1006111)

700-706 Fruit Avenue NW, Albuquerque, NM 87102

$1,850,000
Property Type: Residential Income Square Footage: 9,250 Lot Size (sq. ft.): 54,000 Status: Closed
Current Price: $1,850,000 List Date: 12/16/2021 Last Modified: 2/12/2022

Overview

Description

Ten sparkling downtown townhouses in a well-maintained 20 unit complex. All units fully renovated with granite counters, stainless appliances, wood-burning fireplaces, fenced patios, upstairs balconies and skylights. Two bedrooms upstairs with a full bath, and a 1/2 bath downstairs. Big pantry in each unit. Each bedroom features a vanity ideal for roommates or older children. Great rental history with occupancy averaging under three per cent. Most tenants stay 3+ years HOA has strong financial history and cash reserves. Nice community mix of renters and owners. Next door to Lew Wallace Elementary School, and just blocks to courthouses and downtown.

Listing Details MLS# 1006111

Status Change Info

Pending Date
2021-12-21
Closing Date
2022-02-10

Contract Information

List Price/SqFt
200

Location

Street #
700-706
Street Name
Fruit
St Suffix
Avenue
Post Direction
NW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87102
MLS Area Major
80 - Downtown Area
Zone Atlas
J14

General Property Description

# of Units
10
5+ Units
Yes
Units for Sale
10
Property Sub-Type
Other - See Remarks
Living Area
9250
SqFt Source
Broker
Lot Size Source
Broker
Acres
1.24
Lot SqFt
54000
Directions
from Lomas and 7th, south on 7th, west on Fruit, parking lot on south side of Fruit
Stories
2
Total # of Buildings
4
Year Built
1982
Age
31 - 40
# Parking Spaces
30
Disability Access
No
LBP Disclosure
No
Builder
Tekin
Owner Occupant Unit
No
Flood Zone
X

Basement

Basement YN
No

Sales Info

Trade/Xch Considered
Yes

More Information

# of Unit Types (1)

# of Units
10
# of Bedrooms
2
# Baths
1.5
Approx. SqFt
925
Actual Rent
1225
Max Rent
1325
Market Rent
1295

Unit Summary

Total Units
10
Average Unit Size
925
Average Actual Rent
1225
Annualized
147000
Total Actual Rent
12250

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Balconies/Deck; Ceiling Fan(s); Fireplace All Units; Outside Lights; Some Landscaping; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Disposal; Dryer H/U; Free-Standing Electric Range; Free-Standing Gas Range; Microwave; Refrigerator; Washer H/U Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl; Wood Electric Provider: Public Utility Electric: None Miscellaneous Info: Pets Limited Metering: Individual Electric; Individual Gas Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance Owner Pays: Association Fees; Maintenance Tenant Pays: Electric; Gas Parking: 1.5 Spaces Per Unit; Assigned; Paved Roof: Shingle Rental Info: Deposits; Pet Deposit; Yearly Lease Finance Considered: Cash; Conventional Source: Broker Provided Zoning: R-ML*
Listing Office: Full Service Realty LLC
Last Updated: February - 12 - 2022
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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